Mahwah, N.J. - Stanley Black & Decker executive Jim Caudill has been named CEO and representative director of D&M Holdings, succeeding Yvonne Hao.
, will continue to serve as chair of D&M's board of directors. Hao cited family reasons for leaving the CEO position.
Caudill, who will be based in Mahwah, most recently was president of the hardware and home improvement group of Stanley Black & Decker. The group generated $1 billion in global sales.
Caudill was with Black & Decker for 20 years in a number of global positions, including VP/GM of the industrial accessory division, VP of professional accessories, and marketing director for the Asia Pacific region.
"Yvonne and the company have done an outstanding job guiding the business through a difficult economic environment and positioning D&M for the future," Caudill said in a prepared statement. "I look forward to working with the team, our customers, and vendor partners to deliver growth through product innovation, geographic expansion, and pursuing strategies to attract new consumers." Said Hao, "The Board and I are proud of what the company has been able to accomplish, and for family reasons, I felt this was now the right time for me to move into a different role with the company."