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STANLEY EXECUTIVE RETIRES

 NEW BRITAIN, Conn., June 28 /PRNewswire/ -- Richard H. Ayers, Chairman and Chief Executive Officer of The Stanley Works (NYSE: SWK) today announced that David M. Hadlow, Group Vice President for Builders/Industrial Products, plans to retire from the company on Aug. 15, 1993, his 65th birthday.
 Mr. Ayers commented, "Dave Hadlow's career at Stanley has spanned nearly 40 years. His breadth of experience, business acumen and knowledge of this company have made him an extremely effective and valuable contributor.
 "After serving Stanley in every major region of the world, Dave was appointed Group Vice President in 1982 and has since been an important leader for our company. His vision, together with his planning ability and thoughtful guidance, have been responsible for the successful development of several Stanley businesses. Notably, Dave was a driving force behind the acquisition of Bostitch in 1986. He piloted the subsequent development of Stanley Fastening Systems, which is today one of our largest business units and an extremely important contributor to sales and profits."
 Mr. Ayers concluded, "Dave is a friend and respected colleague and we're going to miss him. He has been a good teacher and he leaves with us a legacy of well-trained, competent managers. These managers will continue to move our company forward with the integrity and excellence that Dave helped establish as benchmarks during his career with The Stanley Works."
 Dave Hadlow joined Stanley in 1955 as a management trainee in the Hardware division. During his career, he served the company in a broad range of
assignments throughout the world. In 1963, he was appointed


Director of Sales and Marketing for Stanley Works in West Germany and in 1970, he was appointed General Manager of Stanley-Taymouth Ltd, in Toronto, Canada. He became general manager of Stanley Works de Mexico, located in Puebla. In 1980, he was appointed Director of Far East Operations, headquartered in Singapore. Latin American Operations were added to this responsibility in 1981. He was elected to his current position in 1982.
 Mr. Hadlow is a graduate of Trinity College and received his MBA from the Harvard Business School. He is a director of Fleet Bank, NA, a director of the Institute of Living, and is Chairman of the Policy Advisory Board of the Joint Center for Housing Studies. Mr. Hadlow has been keenly interested in the arts throughout his career. He currently serves as chairman of The Stanley Works' Foundation Subcommittee on the Arts, and is a director of the Greater Hartford Arts Council.
 Mr. Hadlow and his wife, Pat, live in Farmington, Conn.
 -0- 6/28/93
 /CONTACT: Ronald F. Gilrain, VP-public affairs of The Stanley Works, 203-827-3882/
 (SWK)


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

SH -- NY019 -- 6124 06/28/93 09:23 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
Words:459
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