NEW BRITAIN, Conn., April 27--PRNewswire-AsiaNet/InfoQuest
The Stanley Works (NYSE: SWK) announced today that Jeff Chen, 46, has been
named Vice President, Global Operations and has been elected a corporate
executive officer effective immediately. Mr. Chen succeeds Paul M. Isabella
who left the company two weeks ago.
John F. Lundgren, Chairman and Chief Executive Officer commented: "Jeff
Chen is a seasoned Stanley veteran who was identified for this promotion based
upon his enormous contributions to Stanley operations on a global basis,
including the strong Operations team he assembled in Asia. Under his
leadership, four of five Asian manufacturing plants have risen to the upper
tier (i.e. top third) in our Stanley Fulfillment System's Operations Scorecard
that measures success factors such as quality, service fill rates and EH&S
standard achievement. His successes at plant and distribution center
management, as well as his demonstrated overall business acumen, will serve him
well in his new assignment."
Mr. Chen joined Stanley in 1983 and, over the next 22 years, gained
considerable experience at company facilities in Taichung, Taiwan; Dallas,
Texas; Richmond, Virginia and Bangkok, Thailand. In doing so, he progressed
from entry level management though leadership of Asian operations. Mr. Chen's
22-year Stanley career was divided equally among U.S. and Asian assignments
that included production supervision, inventory controllership, distribution
center management, operations and overall country management, culminating in
his most recent position -- President, Asia Operations -- which he held since
2003.
In his new role, Mr. Chen will have direct responsibility for leading the
corporate operations shared-services team, including the oversight of global
procurement, the Stanley Fulfillment System, lean manufacturing, six-sigma,
distribution and freight, while providing direction to the business operations
teams in the execution of their plans, programs and staff development. Also,
until a successor is chosen, he will continue to oversee Asia Operations. He
will maintain offices in New Britain, CT and Bangkok, Thailand.
The Stanley Works, an S&P 500 company, is a worldwide supplier of tools and
security solutions for professional, industrial and consumer use. The company
reported sales from continuing operations of $3.0 billion in 2004 and employs
approximately 15,000 people.
SOURCE: The Stanley Works
CONTACT: Gerry Gould,
Vice President,
Investor Relations of The Stanley Works,
+1-860-827-3833,
[email protected]
Company News On-Call:
http://www.prnewswire.com/comp/874363.html
Web site: http://www.StanleyWorks.com
--Distributed by AsiaNet (www.asianetnews.net)--