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Archibald also will be eligible to receive a cost synergy bonus upon the third anniversary of the consummation of the Merger based on the achievement of certain goals set forth in the executive chairman agreement. An edited transcript of the first half of the discussion follows. But in our industries — power tools, engineering fastening, and security systems — most of our competitors are not really doing any of it yet. Archibald with good reason. But if we can leverage the plants we have today with digital information, analytics, artificial intelligence, etc. Archibald would have fully vested in all outstanding stock options, shares of restricted stock, and restricted stock units upon a change in control. Archibald will serve as a member and Executive Chairman of the Stanley board of directors and as an employee of Stanley for a period of three years following the consummation of the Merger. In connection with a change in control, Mr. However, under the terms of the executive chairman agreement with Stanley, Mr. What other transformations are you influencing? One is a very basic functional transformation of the back office and a consolidation of our ERP systems. So that became the plan.

The CEO has given me executive sponsorship over that initiative. What are your current priorities in terms of driving that growth? So that became the plan. Another non-traditional finance area is what we call industry 4.

While Mr. Is anything changing?

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You just keep building more buildings. They also have to [estimate how long it will take us] to get that value.

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Stanley Black & Decker Inc.