June 30 (Reuters) - Power tools maker Stanley Black &

Decker ( SWK ) has appointed operations chief Christopher Nelson

as its next CEO and President, effective from October 1, it said

on Monday.

Nelson, who also heads the company's $13 billion tools and

outdoor division, will succeed Donald Allan Jr., who served as

CEO since July 2022.

Allan Jr. will become executive chair after the transition

before retiring in October 2026, the company said.

Nelson joined the tool maker in June 2023 as its COO prior

to which he was president of Carrier Global's heating,

ventilation, and air conditioning segment. He holds a master's

degree in business from Cornell University.

Stanley Black & Decker ( SWK ) also said it still expects

second-quarter earnings per share to exceed the assumptions

outlined in its first quarter earnings call.