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01/23/2023

Stanley appoints executive leader

Patrick Hallinan brings finance and technology expertise to CFO role at tool maker.
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Stanley Black & Decker Hallinan
Patrick Hallinan

Stanley Black & Decker announced the appointment of Patrick Hallinan to executive vice president, chief financial officer, effective April 6.

Hallinan, who succeeds interim CFO Corbin Walburger, will report to Donald Allan Jr., president and CEO of Stanley Black & Decker.

“After a rigorous search, I am pleased to welcome Patrick to the Stanley Black & Decker team. Patrick is a seasoned executive who has led global, high performing finance functions across top consumer brands. He has a deep track record of delivering business performance, growth and value creation in complex, competitive industries,” said Allan.

Hallinan joins Stanley Black & Decker from Fortune Brands Innovations where he served as executive vice president and CFO and led the firm’s finance function.

His career at Fortune Brands spanned 17 years, including various finance and technology leadership and general management roles across business segments where he gained significant exposure to multiple facets of the consumer market, said the company.

“I’m honored to be joining Stanley Black & Decker, the worldwide leader in tools and outdoor, at such a pivotal moment. Having long followed the Company, I have tremendous respect for this leadership team and the transformation that is already progressing rapidly,” said Hallinan.

“The company’s iconic portfolio of brands, as well as its highly-engineered and growing industrial business, provide a strong foundation for long-term, profitable growth and value generation,” said Hallinan.

Prior to joining Fortune Brands, Hallinan worked at Booz Allen Hamilton as a principal in the firm’s automotive, aerospace and industrial goods practice.

Hallinan received a bachelor’s degree in Economics from Northwestern University and an MBA in Finance and Accounting, with honors, from the University of Chicago.

The company said Corbin Walburger will resume his previous role as VP of business development.

“On behalf of the board and management team, I want to thank Corbin for his valuable service stewarding the finance organization through this critical period for our company,” said Allan.

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