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Stanley Black & Decker Elects Dmitri L. Stockton To Its Board Of Directors
NEW BRITAIN, Conn., July 17, 2018 /PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) has elected Dmitri L. Stockton, 54, former Chairman, President and Chief Executive Officer of GE Asset Management to the company's Board of Directors.
"Dmitri is an excellent addition to our Board, bringing an impressive set of experiences managing and leading complex, global organizations," said George W. Buckley, Stanley Black & Decker's Chairman of the Board. "He is known for being an innovative leader with a strong focus on accelerating growth and developing human capital, traits which will be tremendous assets for the organization as Stanley Black & Decker continues its organic and inorganic growth plans."
Stockton is a 30-year veteran of GE, having retired in March 2017 after the successful sale of GE Asset Management to State Street Corporation. While at GE, Stockton spent 10 years abroad and led businesses in 26 global markets with approximately 40,000 employees in his final assignment internationally.
He earned a bachelor's in Accounting from North Carolina Agricultural and Technical State University, and currently serves as a director for American Family Insurance, Deere & Company, Ryder Systems Inc., Target Corporation and Georgetown University Board of Regents. He is formerly a director of Synchrony Financial.
About Stanley Black & Decker:
Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems and more. Learn more at www.stanleyblackanddecker.com
Announcing the 2018 Class of the Stanley+Techstars Additive Manufacturing Accelerator!
Ten Global Companies Selected to Relocate to Stanley Black & Decker’s New Manufactory 4.0 Center in Hartford, CT
NEW BRITAIN, Conn., July 16, 2018 – Stanley Black & Decker and Techstars, the worldwide network that helps entrepreneurs succeed, today announced the final participants of the Stanley+Techstars Additive Manufacturing Accelerator.
Beginning today and culminating later this year in a special Demo Day on October 11th, these 10 startups are co-locating to Stanley Black & Decker’s new Advanced Manufacturing Center of Excellence – Manufactory 4.0 – located in Hartford, CT. Selected participants, which include companies from Ireland, Israel, Canada and the United States, were chosen from a pool of applications from 11 countries with 50% from outside the United States.
“Companies were selected for this accelerator based on their level of passion, talent and drive, as well as their innovations within additive manufacturing,” said Claudia Reuter, managing director of the Stanley+Techstars Accelerator. “We worked hard to identify the most promising companies that we feel are best positioned to help move the manufacturing sector forward. We are confident they are all deserving of the potential opportunity to be nurtured and thrive under the guidance of Stanley Black & Decker’s mentorship.”
The 10 companies are as follows:
Astroprint – Cloud Platform Designed to empower everyone to make, create and print with 3D Printers
Calt Dynamics – Socially beneficial 3D Printing Technology
Castor Technologies – The first intelligent 3D printing software for manufacturing
Distech Automation – Developing an affordable/scalable solution for metal additive manufacturing
Inventaprint – Product development platform for the hardware space
Kwambio – 3D printing company focused on ceramics
Mani.me – Focused on bringing together additive manufacturing, photogrammetric processing, and designers from around the world to innovate in the consumer industry
Micron3DP – Developing high-speed 3D metal printers
NanoQuan – Focused on unlocking nano-material potential to make plastics electrically conductive
Structure3D Printing – Focused on enabling soft materials (beyond plastic filaments) 3D printing
“Additive manufacturing is one of the most important areas of technological transformation today and has the potential to influence the future direction of the industries in which our businesses operate,” said Marty Guay, Vice President, Business Development at Stanley Black & Decker. “We developed this accelerator program with Techstars to help empower these start-ups to continue challenging the status-quo and look forward to providing them with the guidance and support they need to thrive and bring their ideas and technologies to fruition. We’re also proud to do this in Hartford, CT, and are confident that programs like this will create a robust entrepreneurial community right here in our capital city.”
"We joined the Stanley+Techstars accelerator to access the amazing mentorship and support provided by Techstars to help us rapidly progress with Calt Dynamics, while also improving our business model and go-to-market strategies,” said Colin Keogh, CMO & Design Engineer, CaltDynamics. “Stanley+Techstars will help take Calt Dynamics onto the global stage of additive manufacturing.”
The Stanley+Techstars Additive Manufacturing Accelerator will focus on technologies that build 3D objects by adding layer-upon-layer of material. The materials range from plastics and metals to concrete, among others. The technologies may include 3D printing, rapid prototyping, direct digital manufacturing, layered manufacturing and additive fabrication. The applications of additive manufacturing are endless.
Stanley Black & Decker currently operates more than 100 manufacturing facilities globally, including approximately 35 in the U.S. and three in Connecticut. Three of the company's locations are designated as "Lighthouse Factories," plants that have partially implemented Industry 4.0 across their facilities from manufacturing execution systems (MES), to 3-D printing, virtual reality, robotics and artificial intelligence. Its advanced manufacturing center in Hartford is aimed at identifying technologies and processes that will form the core of the next industrial revolution and deploying those methods across the company’s manufacturing landscape.