The company will acquire a 20% stake in MTD Products, extending an existing commercial relationship that includes the manufacture of outdoor products under the Craftsman brand.
BLACK+DECKER will launch new products and marketing campaigns to modernize the brand, as well as engage with its customers through a strong home-living experience.
The appointment replaces Dave Evans, who resigned as chief financial officer and executive vice president in January when he accepted a similar role with Columbus-based Battelle.
