The Stanley Works announced changes in its executive management team, effective Jan. 1:
• James M. Loree, executive vice president and chief financial officer, was elected to serve as executive vice president and chief operating officer.
• Donald Allan, Jr., vice president and controller, has been elected to serve as Vice President and Chief Financial Officer.
In addition, Donald J. McIlnay, senior vice president and president--Industrial Tools Group and Emerging Markets, has decided to retire at the end of 2008.
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