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Nolan D. Archibald

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Title: Nolan D. Archibald  
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Nolan D. Archibald

Nolan Don Archibald (born 22 June 1943)[1] is Executive Chairman[2] of The Stanley Black & Decker Corporation, a $9 billion global corporation (estimated revenue for 2010).

Business

Archibald joined Black & Decker as President and Chief Operating Officer in September 1985. When appointed President and Chief Executive Officer (CEO) in March 1986 at the age of 42, Archibald was the youngest CEO of a Fortune 500 Company. He served as CEO for Black & Decker for twenty-four years before orchestrating the sale of the company to The Stanley Works Corporation in 2009.[3] A lack of disclosure regarding a business partnership between Archibald and a board member crucial to closing this transaction earned Black & Decker a rebuke from the New York Stock Exchange.[3][4]

Archibald is a recipient of the American Marketing Association’s Edison Achievement Award for significant and lasting contributions to marketing excellence and product innovation.[5] He has been cited by Business Week as one of the top six managers in the United States and by Fortune as one of the country’s “ten most wanted” executives. He serves as a member of the Board of Directors at Lockheed Martin Corporation, Huntsman Corporation and Brunswick Corporation and is a member of the President’s Leadership Council at Brigham Young University. Past Board memberships include: ITT Corporation, the Johns Hopkins University Board of Trustees, and Board of Directors of the Associates, Harvard Business School.

Education and athletics

Archibald graduated from Dixie State College in 1966, where he was an honor student and an 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. Archibald 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 Dick Motta and played on Weber State’s first team to participate in the 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 Harvard University in 1970.[6]

Following graduation from Harvard, Archibald was invited to try out for the Chicago Bulls in the National Basketball Association. He was offered a contract to play for the Pittsburgh Pipers in the American Basketball Association. In 1993, the National Association of Basketball Coaches honored Archibald, along with four other former All-American basketball players, (including Elvin Hayes), as their “Silver Anniversary NCAA All-America Basketball Team.” Archibald is the only athlete in Weber State’s history to receive this honor.[6]

Personal life

Archibald was born in Ogden, Utah.[1]

Archibald is married to the former Margaret Hafen. They are the parents of seven sons and one daughter.

Archibald is also a leader in The Church of Jesus Christ of Latter-day Saints. Among his previous callings (positions) in the church, he had served as a bishop and from 1999 to 2007 as president of the Washington D.C. Stake.[2][7] In April 2007 he became an area seventy and a member of the church's Sixth Quorum of the Seventy.[8]

Notes

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

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