The latest announcement is out from Stanley Black & Decker (SWK).
Stanley Black & Decker’s Compensation and Talent Development Committee has announced a pay raise and incentive enhancements for Tamer Abuaita, Global Chief Supply Chain Officer and President, Industrial, effective July 1, 2024. Abuaita’s salary will increase by $85,000 to $750,000, his short-term incentive potential will now equal his base salary, and his long-term incentive award for 2025 is set to rise by $550,000 to $2,250,000, reflecting his expanded role within the company.
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