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STANLEY ELECTS ALAN HUNTER PRESIDENT AND COO; OTHER OFFICERS NAMED

 NEW BRITAIN, Conn., June 28 /PRNewswire/ -- Richard H. Ayers, chief executive officer and chairman of The Stanley Works' (NYSE: SWK) board of directors, today announced the election, effective July 1, 1993, of R. Alan Hunter, as president and chief operating officer of the company. Mr. Hunter is currently vice president, finance and chief financial officer. In his new position, he will be responsible for all business units worldwide and will report to Mr. Ayers.
 Mr. Ayers also announced additional executive elections: effective July 1, Richard Huck, currently vice president and controller will become vice president, finance and chief financial officer, succeeding Mr. Hunter. He will be responsible for all financial functions including planning, financial control, treasury, tax, audit, investor relations and public affairs.
 Theresa F. Prime, who is director of accounting and reporting, will become vice president and controller, succeeding Mr. Huck. She will be responsible for Stanley's worldwide financial and accounting controls, reporting and systems, and will report to Mr. Huck.
 Mr. Ayers stated: "I'm delighted to make this important announcement on behalf of Stanley's board of directors. Alan, Rich and Teri are skilled, experienced managers whose innovative leadership has helped to reshape the responsibilities they will assume in their new positions."
 Mr. Ayers noted, "The retirement of three senior officers caused us to rethink the configuration of the organization to meet the competitive challenges of the '90's and beyond. In March, Robert G. Widham, group vice president, consumer products, elected to retire as a result of continuing poor health.
 "Today, David M. Hadlow, group vice president, builders/industrial products, announced his plans to retire on his 65th birthday, Aug. 15, 1993." (Please see below.)
 Mr. Ayers continued, "With the retirement of our two group officers, the appointment of Alan Hunter as chief operating officer reflects our ongoing commitment to streamline the structure of our operations."
 "We have a core group of senior division managers who will now all report to the chief operating officer of the company. We believe this new structure will result in closer communication and resource sharing among our businesses worldwide, and supports our company-wide emphasis on exceeding customer expectations."
 In January of this year, Ronald F. Gilrain, vice president, public affairs and marketing, announced his plans to retire in August. Effective July 1, 1993, James S. Amtmann, has been elected vice president, corporate marketing development reporting to Mr. Ayers. Mr. Amtmann will continue to be responsible for planning Stanley's services for key customers and will have the additional responsibility for advertising and strengthening Stanley brands.
 Mr. Ayers concluded, "This year we are celebrating our 150th anniversary as a growing and successful business. The reasons for this success are easily understood. We have been blessed with skilled, dedicated employees whose hard work and consistent focus on achieving excellence in serving our customers has enabled Stanley to achieve a reputation for quality and value around the world.
 "I would like to express my thanks and appreciation for the great work and many contributions of our retiring employees. We have benefited from their experience and their counsel.
 "I am very enthusiastic about our new officers. They have the vision, experience and skills that are critical for the bright future that I see for the company, its shareholders, customers, employees and communities."
 -0- 6/28/93
 /CONTACT: Ronald F. Gilrain, vice president, public affairs of Stanley Works, 203-827-3882/
 (SWK)


CO: The Stanley Works ST: Connecticut IN: SU: PER

PS -- NY018 -- 6121 06/28/93 09:20 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
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