COMMEMORATIVE PROGRAM
A VIRTUAL PRESENTATION
THURSDAY, DECEMBER 9, 2021
4TH ANNUAL
CATALYSTS FOR INNOVATION EXECUTIVE LEADERSHIP OF THE YEAR AWARD
F.I.R.M.
Finance. Insurance. Risk. Manufacturing.
PREMIER SPONSORS
HONORING AN INDUSTRY CHAMPION.
James M. Loree Chief Executive Officer, Stanley Black & Decker, Inc.
The Hartford warmly congratulates James M. Loree, Chief Executive Officer of Stanley Black & Decker, Inc., recipient of the 2021 F.I.R.M. Executive Leadership of the Year Award.
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WELCOME To the 4th Annual Executive Leadership of the Year Award Thursday, December 9, 2021
Good evening, everyone: Welcome to the 4th Annual Executive of the Year Leadership Award program. We are grateful to the members of the Advisory Board and our Sponsors for supporting this evening’s special event. We particularly appreciate your continued interest and support of this initiative which provides many scholarship opportunities for talented high-performing Barney School students. These young people are critical to the future success of our local business enterprises. Due to Covid 19 concerns, last years event was presented virtually. The feedback on the 2020 event was very positive and the format for this year’s event will be similar. While we were looking forward to an in person gathering this year, we continue to be mindful of continuing appropriate Covid protocols. Therefore, this year’s event will be virtually presented. The focus of the F.I.R.M event (Finance, Insurance, Risk and Manufacturing) is to encourage and support Barney School students in their preparation for positions in these industries. Last year we raised close to $500,000 for scholarships and programming at the Barney School. Five scholarships were awarded in 2020 and since this event started a total of 110 scholarships have been provided. Tonight you will hear from several scholarship students about their experiences at the Barney School and how their scholarships contributed to an enhanced series of learning experiences. For the past three years we have presented the Executive Leadership of the Year Award to executives of Hartford based insurance companies. This year our focus is on the manufacturing industry. We are very pleased to present the fourth Annual Executive Leadership of the Year Award to Jim Loree, the Chief Executive Officer of New Britain based Stanley Black & Decker. Stanley Black and Decker is a leading $14.5 billion global diversified industrial company. Under Jim’s leadership, the company is recognized for industry leadership in advanced manufacturing, operational excellence, responsible business practices and as a best workplace for innovators diversity and equality. Jim’s leadership and dedication to numerous business and social initiatives are well recognized throughout our region as well as nationally and globally. We are extremely honored that Jim has accepted this award and we are grateful for his support of the Barney School of Business.
RICHARD H. BOOTH JOHN F. BYRNES Co-Chairman Co-Chairman Advisory Board Advisory Board 1
December 9, 2021 Dear Friends, I am so pleased to welcome you to our fourth annual F.I.R.M. celebration. A year ago, we were hopeful that this year’s event would be in person, but as COVID persisted, it became clear that we would need to utilize a virtual format once again. We are optimistic that we see you in person in 2022— and look very much forward to it! We are excited by the amazing support all of you have provided to keep this new tradition in place. And I believe a good reason for that support is the person we are honoring – Jim Loree. Jim is CEO of Stanley Black & Decker and a leader in the world of manufacturing. Congratulations, Jim, and thanks to you and the Stanley Black & Decker company for being a major supporter of the University of Hartford and Barney School of Business. We appreciate how your support has advanced our ability to provide quality education and career-ready activities to our business students. To all of you attending this evening, my thanks for all that you have done to support our mission. Many of you have provided internships, projects, speaking engagements, career fairs, coaching sessions, and employment to our students. Through your support, our students not only leave the Barney School with a formal education, but also the skills and experience to enter the competitive workforce. Enjoy the evening and congratulations to Jim for receiving the 2021 Executive Leadership of the Year Award.
Sincerely,
Stephen M Mulready, MBA’77 Dean, Barney School of Business
Dean’s Office 200 Bloom field Avenue, West H artford, CT 06117, USA P: 1+860.768.4243 | E: M ulready@ hartford.edu | W: www.hartford.edu/barney
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Luke A. Bronin Mayor
December 9, 2021 Dear Friends, It is a pleasure to join you, once again, in supporting the University of Hartford and the Barney School of Business at tonight’s event. Year after year, the F.I.R.M. event has helped raise funds to provide scholarship funding, opening up opportunities for education and careers for students who would not otherwise have had that chance. The Barney School of Business plays a vital role in our city and our region. Our city has a long, proud history as a global hub of the finance, insurance, risk management, and manufacturing industries. Our leaders in business and government have long worked together to create an environment that allows businesses to grow and thrive. And our academic institutions like the Barney School help develop the future leaders who will carry that tradition forward. I am especially proud to have the chance to congratulate Jim Loree, Chief Executive Officer of Stanley Black & Decker, Inc., for receiving the Catalysts for Innovation Executive Leadership of the Year Award. We are deeply grateful for all of the work that Stanley Black & Decker has done, under Jim’s leadership, in the City of Hartford. From making downtown Hartford the home of Stanley Black & Decker’s Manufactory 4.0 to forging a partnership to bring HCL Technologies to Hartford, to working together to re-imagine the Parkville neighborhood, SB&D and Jim Loree have been at the center of our work to grow Hartford into a true center of innovation and growth. On behalf of our city, thank you to Jim and to all of the business and academic leaders behind tonight’s event for your work over many months to bring this distinguished group together to highlight the importance of finance, insurance, risk management, and manufacturing to our region. We look forward to continuing to work with all of you to make Hartford a global home of innovation across all of our sectors. Sincerely, Luke A. Bronin Mayor
550 Main Street Hartford, Connecticut 06103 Telephone (860) 757-9500 Facsimile (860) 722-6606
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Kearney is proud to sponsor the F.I.R.M. Leadership Event honoring James M. Loree, CEO, Stanley Black & Decker
Photo by Margo Stahl Kearney, New York
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Gratitude Recognizing those who go the extra mile. We applaud Jim Loree for his impact on industry and his leadership in the community. Thanks for making a difference to so many.
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EVENING AT A GLANCE A Virtual Experience
CATALYSTS FOR INNOVATION 4TH ANNUAL EXECUTIVE LEADERSHIP OF THE YEAR AWARD
F.I.R.M.
Finance. Insurance. Risk. Manufacturing.
7:00 p.m.
WELCOME
Jerry Franklin, Host Retired President & CEO, CPTV & Public Radio (35 years) Donald Allan, Jr., Co-Host President & CFO, Stanley Black & Decker, Inc. REMARKS Honorable Luke A. Bronin, Mayor, City of Hartford SPECIAL PERFORMANCE Sarah Bockel as “Carole King” on Broadway REMARKS & PRESENTATIONS Stephen M. Mulready, Dean, Barney School of Business University of Hartford SCHOLARSHIP WINNERS – 2021 Samuel Coates ’22 Alexandra Tully ’21 Ninamarie Ayala ’20 REMARKS Scholarship winners VIDEO – “MAKING A DIFFERENCE” Stanley Black & Decker, Inc.
AWARD PRESENTATION
ACCEPTANCE REMARKS JAMES M. LOREE, CEO, Stanley Black & Decker, Inc CLOSING
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CONGRATULATIONS AND BEST WISHES
JAMES LOREE for your outstanding corporate leadership and for your involvement in community affairs, Barbara and I congratulate you for receiving the
EXECUTIVE LEADERSHIP AWARD
at the 4th Annual F.I.R.M. event December 9, 2021
RICHARD AND BARBARA BOOTH
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ABOUT THE HONOREE
JAMES M. LOREE CEO, Stanley Black & Decker, Inc.
Jim Loree is chief executive officer of Stanley Black & Decker, a leading $14.5 billion global diversified industrial. He leads more than 56,000 employees across 60 countries who make the tools, products, and solutions to deliver on the company’s purpose; For Those Who Make The World™. The company operates the world’s largest tools and storage company featuring iconic brands such as DEWALT, STANLEY, BLACK+DECKER and CRAFTSMAN. It is the world’s second-largest commercial electronic security company, and is a global industrial leader of highly engineered solutions within its engineered fastening and infrastructure businesses. Under Jim’s leadership, the company continues to gain recognition for industry leadership in advanced manufacturing, operational excellence, responsible business practices, and as a best workplace for innovators, diversity, and equality. To win in the 2020s, Jim is accelerating an ambitious 2025 growth strategy to deliver sustainable profit and societal good though its innovations and business model approach. To deliver on these goals, the company is focused on three priorities: continue delivering top-quartile performance; become known as one of the world’s leading innovators; and elevate its commitment to corporate social responsibility. The 2025 growth ambition also includes a heightened focus on diversity, equity, and inclusion, and new leadership and digital skills required for the future. Jim joined the company, then Stanley Works, as CFO in 1999 when the company generated more than $2 billion in revenue. In that role, he led a massive restructuring of the business and began a re-architecting of the company’s portfolio. Since that time, he was promoted to COO, president, and then CEO in 2016, as the company generated significant growth both organically and through acquisitions increasing revenue seven-fold today. Prior to Stanley Black & Decker, Jim held a successful 19-year career with GE, spanning a multitude of assignments and industries. Jim is a director of Whirlpool Corporation, serves as a trustee of his alma mater, Union College, where he earned a bachelor’s degree in economics, and is a director of the Jim and Rebecca Loree Foundation. He is a member of numerous other business organizations.
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HONORARY CHAIRS The Honorable Luke Bronin Mayor of Hartford
The Honorable John B. Larson First Congressional District
Denise Nappier Retired Treasurer State of Connecticut
Alan D. Schnitzer Chairman & CEO Travelers
Christopher J. Swift Chairman & CEO The Hartford
James C. Smith CEO J.C. Smith Advisors
Gregory S. Woodward President University of Hartford
ADVISORY BOARD Advisory Board Co-Chairs Richard H. Booth, Chairman Somerset Reinsurance Co., Ltd.
John F. Byrnes Executive Vice President Assured Partners
Advisory Board Members Donald Allan, Jr. President and CFO Stanley Black & Decker, Inc.
Eric D. Daniels, Esq. Partner Robinson & Cole, LLP
David G. Nord Retired Chairman and CEO Hubbell Incorporated
Greg M. Barats President and CEO Hartford Steam Boiler Inspection & Insurance Company
Brian First Executive Vice President Arch Insurance Group, Inc.
John C. Roche President and CEO The Hanover Insurance Group, Inc.
Thomas O. Barnes Chairman of the Board Barnes Group, Inc. Jay S. Benet Retired Vice Chairman Travelers Jonathan R. Bennett Executive Vice President Group Benefits The Hartford Woody E. Bradford Chairman and CEO CONNING, Inc. Michael J. Casparino Market President Northern Conn. People’s United Bank
Peter C. Hearn President and CEO Guy Carpenter & Co., LLC Marlene Ibsen President Travelers Foundation David McElroy CEO General Insurance AIG Stephen M. Mulready Dean Barney School of Business University of Hartford Retired Executive V.P. and COO Crum & Forster, Inc. Charles Nelson CEO Retirement, Voya Financial
Jack Sennott President and CEO CapSpecialty, Inc. Brett N. Silvers Chairman, President & CEO WorldBusiness Capital, Inc. Tanya Taupier SVP of Talent CVS Health Peter L. Tedone Retired Chairman and CEO Vantis Life Insurance Company Susan Winkler V.P. and Executive Director CT IFS Cluster Connecticut Insurance & Financial Services
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THANK YOU TO OUR SPONSORS
PREMIER SPONSORS
TITLE SPONSORS
PRESENTING SPONSORS
PLATINUM SPONSORS
RICHARD & BARBARA BOOTH
DAVID G. NORD
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CATALYSTS FOR INNOVATION EXECUTIVE LEADERSHIP OF THE YEAR AWARD
F.I.R.M.
Finance. Insurance. Risk. Manufacturing.
GOLD SPONSORS
MARY & ED BUDD
SILVER SPONSORS
BRONZE SPONSORS
MEDIA SPONSOR
PATRON SPONSORS Sue and Howard Carver
Junior Achievement of SW New England
Mary-Jo and Greg Toczydlowski
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WorldBusiness Capital, Inc. proudly supports Barney School of Business, University of Hartford and congratulates JAMES M. LOREE, CEO, Stanley Black & Decker, Inc. on receiving the 2021 F.I.R.M. Executive Leadership Award One State Street, Suite 2110 Hartford, CT 06103 860-246-6300 www.worldbusinesscapital.com
Celebrating your tireless
COMMITMENT TO OTHERS.
We are pleased to sponsor University of Hartford’s Barney School of Business. Every day, you help make our community a better place to live. We do our best to support you, your organization and the people you serve. We’re always proud to help our neighbors.
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IS A PROUD SPONSOR OF THE
HARTFORD F.I.R.M. EXECUTIVE LEADERSHIP EVENT
BGInc.com
CONGRATULATIONS
JAMES M. LOREE On receiving the Barney School of Business Executive Leadership of the Year Award December 9, 2021 Best Wishes,
MARY AND ED BUDD
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CATALYSTS FOR INNOVATION PAST EXECUTIVE LEADERSHIP OF THE YEAR HONOREES
2018 HONOREE
GREG M. BARATS
President and Chief Executive Officer, Hartford Steam Boiler Inspection & Insurance Company Greg Barats is president and chief executive officer of HSB Group Inc., parent company of Hartford Steam Boiler Inspection & Insurance Company with insurance and engineering affiliates worldwide. He assumed responsibility in 2011. HSB is a world leader in equipment and special risk insurance for commercial and personal line sectors. He serves on the Munich Re America Property and Casualty Executive Board for U.S. operations, the boards of Munich Re Weather and Commodity Risk Holding Inc. and Munich Re Trading LLC, and on the boards of various HSB-affiliated corporations. Mr. Barats is also responsible for Munich Re Group’s overall Commercial/Industrial loT strategy since 2016. HSB has completed eight investments in the loT and insurtech ecosystem. Mr. Barats is chairman of HSB Solomon Associates, LLC, an energy management consulting company. He has held this position since 2002. He also started HSB/ Munich Re Strategic Corporate Ventures in 2014 which now support the Munich Re Group worldwide. 2019 HONOREE
JAY S. BENET Vice Chairman*, Travelers
Jay Benet served as Vice Chairman until June 2020, and a member of the Management Committee and the Operating Committee of The Travelers Companies, Inc., a leading provider of property casualty insurance for auto, home and business and a component company of the Dow Jones Industrial Average. Benet has spent almost all of his career as a member of the Hartford business community. He was Chief Financial Officer of Travelers from March 2002 until August 2018. Previously, he was worldwide head of financial planning, analysis and reporting at Citigroup and Chief Financial Officer for Citigroup’s Global Consumer business in Europe, the Middle East and Africa. Prior to that he served for ten years in various senior executive positions with Travelers Life & Annuity, including Chief Financial Officer and Executive Vice President, Group Annuity. Benet was a Partner at Coopers & Lybrand (now PWC) prior to joining Travelers. Benet is Chairman of the Board of Trustees of The Bushnell Center for the Performing Arts and a Trustee of the Mystic Seaport Museum and the Goodspeed Opera House Foundation. He is also a Trustee of the University of Rochester, where he is Chairman of the National Council of the University of Rochester’s Simon School of Business, and serves as a member of the Harpur College Advisory Council of Binghamton University. *Retired June 2020 16
2020 HONOREE
CHRISTOPHER J. SWIFT
Chairman and Chief Executive Officer, The Hartford Christopher J. Swift is chairman and chief executive officer of The Hartford, a national leader in property & casualty insurance (P&C), group benefits and mutual funds, founded in 1810. He is responsible for the company’s strategy and growth, capital allocation, performance, culture and leadership. Swift leads the company at a time of unprecedented technological innovation and continues to sharpen The Hartford’s competitive advantages through the use of data, analytics and digital technology to meet the needs of consumers today and in the future. As CEO, Swift has focused on expanding the company’s capabilities and geographic reach through organic growth and strategic investments, including the purchase of Aetna’s U.S. group life and disability business in 2017 and The Navigators Group, Inc., a specialty lines property and casualty business, in 2019. He also completed the company’s exit from the run-off life and annuity business, providing greater financial flexibility, and improving The Hartford’s ROE and earnings growth profile. Swift joined The Hartford in March 2010 as executive vice president and chief financial officer. In that position, he played a central role in the company’s strategic transformation to focus on the P&C, group benefits and mutual funds businesses, as well as strengthening the balance sheet through the sale of its individual life and retirement plans businesses, reducing debt and creating greater balance-sheet strength.
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Learning about money is as important as earning it. Voya Financial is proud to support financial empowerment. At Voya Financial, we believe that financial security can empower people to improve their everyday life. The Voya Foundation is proud to support community organizations and other partners in raising the level of financial literacy in communities across the country. For more information about our educational initiatives, please visit: VoyaFoundation.com
Products and services offered through the Voya® family of companies. Please log on to Voya.com for information regarding other products and services offered through the Voya Financial family of companies. Not all products available in all locations. © 2019 Voya Services Company. All rights reserved CN0217-31125-0319D
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8/22/19 11:24 AM
BARNEY SCHOOL OF BUSINESS BOARD OF VISITORS Christopher Albert M’10, Partner, Deloitte Don Allan, Jr. ’86, President and CFO, Stanley Black & Decker Ed Beyer ’87, Vice President, Strategic Initiatives, Lockheed Martin Samuel Broomer M’97, M’99, Executive Vice President and Chief Strategy and Innovation Officer, W.R. Berkley John Flynn ’86, M’89, Chief Operating Officer, The Segal Group Elizabeth Gagne ’87, Vice President, Executive Engagement, Business Insurance, Travelers Ryan T. Gardner ’01, Managing Partner, Fiducient Advisors Keith Gollenberg ’81, Managing Director (retired), Oaktree Capital Management Kim Goodwin M’00, Founder and Organizational Effectiveness Expert, Goodwin Solutions, LLC Kevin Grant ’82, M’86, Private Investor, CEO (retired) of CYS Investments, Inc. Arthur S. Hennig III ’92, Chief Operating Officer, Magellan Complete Care James Hogan ’82, M’05, Private Investor Martin John ’92, M’94, Senior Vice President, Head of Financial Planning and Analysis, Hartford Steam Boiler Rachna Khanna M’03, J.D., Founder, Law Offices of Rachna Khanna, LL Steve Lutz ’81, Senior Vice President, Maybelline, LLC David Miller ’99, Treasurer and Senior Vice President, Hunt Companies Chelsea Momah, Assistant General Counsel, The Hartford Financial Services Group Stephen M. Mulready M’77, Dean, Barney School of Business, University of Hartford Debra Palmer M’82, Executive Vice President (retired), MassMutual Financial Group Robert Pettinicchi, Former Executive Vice President, InsurBanc Mark Ricciardelli M’82, Founder and Managing Partner, PlumBank Advisors, LLC Peter L. Tedone, President and CEO (retired), Vantis Life Insurance Company Robert M. Thomas II M’04, Chief Data and Technology Officer, Randall & Quilter Investment Holdings, Ltd. J.P. Venoit ’96, President and CEO, Masonicare Ben Yin ’04, Delivery Lead, Strategy & Solutions (USA), Cigna
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WHERE BUSINESS LEADERS ARE BORN.
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CAREER-READY FOCUS. PROVEN RESULTS. At the Barney School of Business, preparing the next generation of business leaders and change makers extends far beyond the classroom. Since our founding in 1958, we continue to be recognized for our ever-evolving curriculum, hands-on learning opportunities, close student-faculty interaction, personal and customized advising, and innovative Career Ready program. Offering degree programs in highly sought-after fields, taught by top-ranked faculty in facilities that inspire success, the Barney School makes your career our top priority.
In 2019, we added 10,000 square feet of space— and renovated another 1,300 square feet—in Auerbach Hall, home of the Barney School of Business. This enhanced learning environment allows our students to receive experiential learning experiences and business training in facilities that mirror real-world business settings.
The University of Hartford’s Barney School of Business is AACSB accredited and has been ranked by Bloomberg Businessweek and The Princeton Review among the top business schools in the country. We provide an innovative careerready undergraduate curriculum with seven concentrations as well as four accelerated master’s programs in both online and on-site formats for busy working professionals.
HARTFORD.EDU/BARNEY
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TO BE DISTINCT, YOU HAVE TO BE BOLD. The University of Hartford channels passion and guides purpose so that tomorrow’s professionals become the innovative and prepared leaders our world demands. The UHart community would like to thank our generous corporate partners and donors who allow us to continue to fulfill our mission and support the success of our incredible students. Congratulations to our honoree, Jim Loree. We’re proud to be a part of a community impacted by your leadership. HARTFORD.EDU
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UNIVERSITY OF HARTFORD BOARD OF REGENTS David Gordon ’75, Chair, Business Strategy and Development Consultant Kathleen Behrens ’85, Vice Chair, President, Social Responsibility and Player Programs, National Basketball Association Paul Sittard ’85, Vice Chair, North American Sales Manager, First Sensor, Inc. David Thompson ’89, M’91, Vice Chair, U.S. Vice President, Boston Scientific Corporation Donald Allan ’86, Executive Vice President and CFO, Stanley Black & Decker Michael Daglio ’91, Executive Vice President and COO, Hartford HealthCare (HHC) Margaret Douglas, President and CEO, Canoville Consulting, LLC Nicholas Galluccio ’72, President and CEO, Teton Advisors, Inc. Ken Glueck ’89, Executive Vice President, Oracle Corporation Kevin Grant ’82, M’86, Private Investor, CEO (retired) of CYS Investments, Inc. Ryan Speedo Green ’08, Opera Singer, The Metropolitan Opera; Vienna State Opera Jeffrey Hoffman, Co-Chairman, Hoffman Auto Group Martin John ’92, M’94, Vice President Corporate Controller, The Hartford Steam Boiler Inspection and Insurance Co. Jerome Katrichis, Chair, Faculty Senate, University of Hartford Michelle King ’90, Vice President and Certified Project Management Professional, State Street Corporation Deborah Koltenuk, Head of Benefits (retired), Aetna, Inc. Mark Lieb M’77, President and CEO, Spectrum Asset Management, Inc. Glenn Messemer, Trustee and Secretary, The Kaman Foundation, Inc. Natalie Politikos, Vice Chair, Faculty Senate, University of Hartford Esther Pryor, Owner and Operator, EAPRYOR, LLC Linda Shanley M’04, P’07, Regional CIO, Trinity Health of New England Jeffrey Shoham, President and Owner, Jerry’s Artarama of Connecticut, Inc. and Jerry’s Artarama of Knoxville, Tennessee, Inc. Brian Smith, Partner, Robinson and Cole, LLP Joe Sylvestro ’90, Vice President, Aftermarket Global Operations, Pratt and Whitney Tanya Taupier, Senior Vice President, Human Resources, Aetna Peter Tedone, Chairman, President and CEO (retired), Vantis Life Insurance Company Orin Wolf ’01, President, NETworks Presentations, LLC Gregory Woodward, President, University of Hartford
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DAVID G. NORD Retired Chairman and CEO, Hubbell, Inc. is proud to sponsor
JAMES LOREE for receiving the F.I.R.M. (Finance, Insurance, Risk, Manufacturing)
EXECUTIVE LEADERSHIP AWARD December 9, 2021
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Readying tomorrow’s workforce HSB has an eye on the future of insurance, engineering, and technology. We’re proud to joinother Greater Hartford companies in supporting the Barney School of Business‘ mission — preparing today‘s students for success in tomorrow‘s workplace. Congratulations James M. Loree, FIRM’s Executive of the Year © 2021 The Hartford Steam Boiler Inspection and Insurance Company. All rights reserved.
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Congratulations to Jim Loree 2021 recipient of the University of Hartford’s Barney School of Business Catalysts for Innovation Executive Leadership of the Year Award.
For Those Who Make The WorldTM 26