The Whirlpool Corporation board of directors appointed James M. Loree, president and chief executive officer, Stanley Black & Decker to the board, effective immediately. Loree will serve on the Audit Committee and the Corporate Governance and Nominating Committee.

"Jim is a proven, respected leader in the consumer products industry, and we are excited to welcome him to the Whirlpool board of directors," said Whirlpool Corporation Chairman Jeff M. Fettig. "We believe his strong experience, particularly in financial management, strategic planning, and mergers and acquisitions; will be extremely valuable as Whirlpool continues strengthening our operations in developed and emerging markets."

Loree, 59, was named president, chief executive officer and director of Stanley Black & Decker in 2016, after serving as president and chief operating officer since 2013. Prior to that, Loree was executive vice president and chief operating officer. Loree joined The Stanley Works as vice president and chief financial officer in 1999, following 19 years with General Electric Company. He previously served as a director of Harsco Corporation. Loree graduated summa cum laude with a bachelor's degree in Economics from Union College. – Herald Palladium