Stanley Black & Decker promotes Allan to president and CFO

Stanley Black & Decker announced Don Allan Jr., the company’s CFO, will now serve as the New Britain toolmaker’s president and CFO.

In his new role Allan will continue reporting to Stanley CEO Jim Loree and his  focus on strategic growth. He will take on new responsibilities for executing Stanley’s growth strategies.

“Having worked hand-in-hand with Don for more than two decades, I know him to be a values-based, agile and inspiring leader, and this appointment recognizes the expanded responsibilities he has assumed over the last several years,” Loree said.

Among new items in Allan’s portfolio at Stanley are leading the strategy and implementation of Stanley Black & Decker’s operating model and overseeing business lines including Outdoor, Asia Tools & Storage and Stanley X — Stanley’s public face within the innovation community, especially in Silicon Valley.

A veteran at Stanley, Allan joined the company in 1999 as director of financial planning, and was appointed vice president and CFO nine years later. Allan previously held global financial management positions with Loctite Corp., and spent nine years with professional services firm Ernst & Young.

Allan is well-known in Greater Hartford. He earned his bachelor’s degree in accounting from the University of Hartford, and is currently chairman of the board for United Way of Central and Northeastern Connecticut. He also serves on the boards of several nonprofits, including Junior Achievement of Southwest New England, Boy Scouts Connecticut Rivers Council, The University of Hartford’s Barney School of Business and Hartford Stage.