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Computer peripherals industry

The Stanley Works Appoints New Board Member, Lawrence A. Zimmerman

Strategic Insights

— 1 min read

The Stanley Works, a leading worldwide supplier of tools and security solutions, has announced the election of a new member to its Board of Directors, Lawrence A. Zimmerman, senior vice president and Chief Financial Officer of Xerox Corporation. Zimmerman brings a wealth of experience in finance, having held senior positions over a 31-year period with IBM and Xerox. His expertise will be invaluable to The Stanley Works as the company continues to grow and expand its operations globally.

Key Takeaways:

  • Lawrence A. Zimmerman, senior vice president and Chief Financial Officer of Xerox Corporation, has been elected to the Board of Directors of The Stanley Works.
  • Zimmerman has extensive experience in finance, having held senior positions over a 31-year period with IBM and Xerox.
  • He has expertise in all aspects of finance, treasury, tax, and audit operations, and will bring valuable knowledge and business acumen to the Board.
  • Zimmerman graduated from New York University with a Bachelor of Science degree in finance and earned a master's degree in business administration from Adelphia University.
  • The Stanley Works is a worldwide supplier of tools and security solutions for professional, industrial, and consumer use.
  • The company is an S&P 500 company with a strong reputation for innovation and quality.
  • Zimmerman's appointment will help to drive growth and expansion of The Stanley Works' operations globally.
  • John F. Lundgren, Chairman and Chief Executive Officer of The Stanley Works, welcomes Zimmerman to the Board, stating that he is "an astute businessman with global experience".

Statistics:

  • 31 years of experience in finance for Zimmerman, including senior positions with IBM and Xerox.
  • 5 years of experience as senior vice president and Chief Financial Officer of Xerox Corporation.
  • The Stanley Works is an S&P 500 company, indicating a strong level of market capitalization and global recognition.

Sources:

  • PR Newswire-FirstCall, "The Stanley Works Announces Election of New Board Member", July 26.
  • The Stanley Works press release, "The Stanley Works Announces Election of New Board Member", July 26.

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