People News

Former Stanley Black & Decker chairman Nolan Archibald, who retired from the company in March of last year, received a compensation package totaling approximately $133 million last year, according to an annual proxy SEC filing the company published on Tuesday.

A $51.4 million merger bonus contributed to the unusually high payout, which was "based on the annual run-rate of cost savings achieved by the company" as of his retirement that were attributable to the merger of Stanley and Black & Decker in 2010.

Briggs & Stratton announced Tuesday that Shaunna Balady had joined the Wisconsin-based company as SVP corporate development.

Central Garden and Pet Company had a big news day on Tuesday.

For one, its senior VP and CFO Lori Varlas announced her resignation, effective Sept. 2.

Two, the company released its quarterly earnings report, with all indications pointing to a strong last act for Varlas.

Net sales for the third quarter ended June 27 were up 4.9% to $459.4 million, compared to $438.0 million for the year-ago period.

Meanwhile, net income took a big leap from $4.7 million last year to $18.8 million in 2015.

Central Garden & Pet Company has named two new senior executives to its leadership team, effective Oct. 10.

William Lynch has been named senior VP operations, having most recently served as senior VP global operations for Moen, Inc.

At his previous post, he was was responsible for supply chain strategy, engineering, strategic sourcing, planning, manufacturing, logistics, quality, and customer service. He also spent over 30 years at The Clorox Company in numerous management positions.

Tom Mahlke is CEO of Mid-States Distributing Co. Inc., which just unveiled a new logo (a red and brown M in a circle), a new slogan (The heart and soul of farm, ranch and home), and moved into a new headquarters (in Mendota Heights, Minnesota).

He spoke with HBSDealer shortly after Mid-State’s “Rendezvous,” the co-op’s semi-annual market and trade show for its farm-and-ranch retailer membership. Here’s the edited conversation:

Chelsea Building Products has hired Matthew Coulson as its research and development engineer specializing in proprietary PVC formulations. As part of Chelsea’s research department, Coulson will focus on the continued improvement of their PVC and composite PVC formulations.
 

Chain Store Age, a sister publication of HBSDealer, recently spoke with Kyle Nel, executive director of Lowe’s Innovation Labs, who discussed the mission and activities of the retailer’s proprietary technology development center.

Briggs & Stratton Corporation has hired Randy Lockyear and Rick Wendt, both veterans of the commercial engine industry.