Jim Loree joined Stanley Black & Decker (then Stanley Works) in 1999 as VP and Chief Financial Officer after 19 years with General Electric Company (GE). He was named EVP and CFO in 2002, Chief Operating Officer in 2009, President & COO in 2013, and CEO in August, 2016. He received a BA in Economics in 1980 from Union College, Schenectady, NY, where he graduated summa cum laude and was elected to Phi Beta Kappa.
Upon joining Stanley in 1999, Mr. Loree provided financial oversight and leadership during the company’s restructuring and cost reduction phase, which involved the closing of approximately 80 facilities and divestiture of two major business units, a period which lasted until 2003. Beginning in 2002, he re-architected Stanley’s portfolio strategy and began an M&A effort to transform Stanley into a growth-oriented diversified industrial company. Since then the company revenues have more than quadrupled, fueled by over seventy acquisitions including the landmark merger with Black & Decker in 2010. Stanley Black & Decker is a Fortune 500 company with $11 billion revenues and $18 billion market cap.
Prior to his service at Stanley Black & Decker, Jim’s career with GE was broad-based, spanning a multitude of assignments and industries. He joined GE in 1980 on their Financial Management training program and followed that with a four year stint on the GE Audit staff. For the next twelve years he held positions of increased responsibility in financial and operating management in industrial businesses, corporate, and at GE Capital. Upon joining Stanley in 1999 he relocated to the greater Hartford area where he his wife Rebecca and daughters Julianne, Merin, and Adelaide currently reside.
Jim served for over five years as a director of Harsco Corporation, including four as Audit Committee Chair. He stepped down recently in order to dedicate more time to his duties at Stanley Black & Decker. He also serves as a Trustee of Union College, a director of Hartford Hospital, and a director of the Jim and Rebecca Loree Foundation.