Nolan D. Archibald

Nolan D. Archibald is the retired Chairman of the Board, President and Chief Executive Officer of the Black & Decker Corporation. Following the merger with Stanley Works, Nolan became Executive Chairman of the Board of Stanley Black & Decker, Inc. Stanley Black & Decker, Inc. is a $12 billion global corporation, marketing its products in over 100 countries. In addition to Black & Decker and Stanley, the company markets its products under the well-known brand names of DeWalt Professional and Industrial Power and Hand Tools, Bostitch, Porter Cable, Mac Tools, Facom and Emhart Fastening Systems.

Business

Nolan joined Black & Decker as President & Chief Operating Officer in September 1985. When appointed President & Chief Executive Officer in March 1986 at the age of 42, Nolan was the youngest CEO of a Fortune 500 Company. He served as Chief Executive Officer for Black & Decker for 24 years. At the time of the merger with Stanley in March 2010, Nolan was the second longest serving CEO of the largest 1000 companies in the United States that were not family controlled. Nolan launched DeWalt in 1992 and built what is now the world’s largest professional and industrial power tools brand. He is a recipient of the American Marketing Association’s Edison Achievement Award for significant and lasting contributions to marketing excellence and product innovation. He has been cited by Business Week as one of the top six managers in the United States and by Fortune Magazine as one of the country’s “ten most wanted” executives. He serves as a member of the Board of Directors of Lockheed Martin Corporation, Huntsman Corporation and Brunswick Corporation. Past board memberships include: ITT Corporation, the Johns Hopkins University Board of Trustees, the Board of Directors of the Associates of the Harvard Business School.

Education and athletics

Nolan graduated from Dixie State College (now Dixie State University) where he was an honor student and All- American basketball player. He led his team to the National Junior College finals in Hutchinson, Kansas and was recruited by over 50 major universities in the United States. Nolan graduated from Weber State University, cum laude, where he was Scholar Athlete of the Year in 1968. He was an All-Conference basketball player under Coach Dick Motta and played on Weber State’s first team to participate in the then 32-team NCAA basketball tournament. He was one of fifteen Division I basketball players out of 4,000 named an Academic All-American. He went on to earn a Master’s Degree in Business Administration from the Harvard Business School in 1970. Nolan was invited in both 1969 and 1970 to try out for the Chicago Bulls in the National Basketball Association. He was offered a contract in 1970 to play for the Pittsburgh Pipers in the American Basketball Association. In 1993, the National Association of Basketball Coaches honored Nolan, along with four other former All-American basketball players, (including Elvin Hayes), as their “Silver Anniversary NCAA All- American Basketball Team”. Nolan is the only athlete in Weber State’s history to receive this honor.

Personal life

Nolan and his wife, Margaret (Hafen), have seven sons and one daughter: Jason, Lance, Jared, Jordan, Anthony, Cameron, Austin and Ashley. Seven are graduates of Brigham Young University. Jared graduated from Harvard University and received an MBA from Stanford University’s School of Business. Following BYU, Jason graduated from Duke Medical School and the five-year Johns Hopkins University Orthopedic Surgery Residency Program. Four sons have graduated from the Harvard Business School with Austin currently in his second year of Harvard’s MBA program. All sons are Eagle Scouts and served missions for the LDS Church. Nolan and Margaret also have 26 grandchildren.

References

• forbes listing on Archibald
• Church News, April 28, 2007
• listing of Marriott School National Advisory Council members
• Brunswick board of directors
• Lockheed Martin Board of Directors
• Black & Decker III: Death by Poor Governance