Donald Allan
About Donald Allan
Donald Allan, age 61, is an independent director of Logitech (LOGI) since 2024 and currently serves on the Compensation Committee; the Board has appointed him as Chair of the Compensation Committee, subject to his re‑election at the 2025 AGM . He is the President & CEO of Stanley Black & Decker through September 2025 and will transition to Executive Chair effective October 1, 2025; he holds a BS in Accounting and Finance from the University of Hartford .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Stanley Black & Decker, Inc. | President & CEO; previously President & CFO; SVP & CFO | CEO: Jul 2022–Oct 1, 2025 (Executive Chair thereafter); President & CFO: Feb 2021–Jun 2022; SVP & CFO: Apr 2010–Feb 2021 | Senior leadership across operations, finance, governance and strategy; long CFO tenure confers finance expertise |
| Loctite (Henkel) | Financial management roles | Pre‑1999 | Built finance foundation prior to SBD |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Stanley Black & Decker, Inc. | Director | Current | Public company board; ties to prior executive role |
| Andersen Corporation | Lead Director | Current | Manufacturer of windows/doors (private) |
| University of Hartford | Chair, Board of Regents | Current | Education governance role |
| Hartford Healthcare | Director | Current | Regional health system board |
| Business Roundtable | Member | Current | U.S. CEO policy association |
Board Governance
- Independence: The Board determined Allan is independent under Nasdaq rules and Swiss best‑practice guidelines .
- Committee assignments: Compensation Committee member; appointed as Chair subject to re‑election at the 2025 AGM .
- Attendance: In FY2025, LOGI held 7 Board meetings and 5 Compensation Committee meetings; Allan attended all Board and Compensation Committee meetings held after the 2024 AGM (3 Board; 3 Compensation) .
- Board year and tenure: Director since 2024; current term expires at the 2025 AGM with nomination for re‑election .
- External mandates: All Board members, including Allan, comply with the external mandate limits in the Articles of Incorporation .
Fixed Compensation
| Component | FY2025 Amount | Detail |
|---|---|---|
| Annual cash fees (USD) | $50,512 | Prorated board and committee retainers; U.S. translation at 1 CHF ≈ $1.1786 |
| Annual stock awards (USD) | $232,082 | Aggregate grant date fair value of RSUs |
| Total (USD) | $282,594 | Sum of cash and stock awards |
| Annual cash fees (CHF) | CHF 42,857 | Swiss‑law audited table |
| Annual stock awards (CHF) | CHF 196,910 | Swiss‑law audited table |
| Total (CHF) | CHF 239,767 | Swiss‑law audited table |
| RSU grant detail | 2,736 RSUs granted 9/4/2024 | Market value $230,946 at FY2025 year‑end; service‑based RSUs vest on grant anniversary or earlier at next AGM if not re‑elected; accelerated vesting upon death/disability |
| Director retainer schedule (reference) | Board: CHF 60k; Non‑Exec Chair: CHF 340k; Committee chair/member retainers: AC Chair CHF 40k; CC Chair CHF 40k; NGC Chair CHF 15k; TIC Chair CHF 15k; AC member CHF 20k; CC member CHF 15k; NGC/TIC member CHF 6.5k; Annual RSU grant CHF 200k | Board policy for FY2025 director compensation structure |
Performance Compensation
| Performance Metric | Structure | FY2025 Outcome |
|---|---|---|
| Director performance metrics | Not applicable to non‑employee directors | Annual RSUs are service‑based; no PSU/performance targets for directors |
- Use of independent comp consultant (Compensia) to benchmark director pay; Compensation Committee independence affirmed .
Other Directorships & Interlocks
| Company | Type | Role | Potential Interlock/Conflict Consideration |
|---|---|---|---|
| Stanley Black & Decker, Inc. | Public | Director | No related‑party transactions disclosed; LOGI policy requires Audit Committee approval of related‑party transactions |
| Andersen Corporation | Private | Lead Director | No LOGI related‑party transactions disclosed |
| University of Hartford; Hartford Healthcare | Non‑profit | Board roles | Governance/ESG experience; non‑commercial ties |
Expertise & Qualifications
- Finance and senior leadership depth from 20+ years at Stanley Black & Decker; prior CFO roles; M&A and governance experience; skills profile indicates CEO/CFO, international business, B2B/B2C, M&A, and board governance competencies .
- Education: BS in Accounting and Finance, University of Hartford .
Equity Ownership
| Item | As of Jun 30, 2025 | Notes |
|---|---|---|
| Beneficial shares owned | 0 | Less than 1% ownership; per Security Ownership table |
| Shares acquirable within 60 days | 0 | No options/RSUs vesting within 60 days reflected in beneficial ownership |
| Unvested RSUs outstanding | 2,736 | FY2025 year‑end RSUs from 9/4/2024 grant |
| Director ownership guideline | 5x annual cash retainer | Must meet by later of Sep 2024 or five years after joining; Allan joined 2024, thus by 2029 |
| Compliance status | Compliant or time remaining | As of Jun 30, 2025, each non‑employee director either met guidelines or had time remaining |
| Hedging/pledging | Prohibited | Company policy bans hedging, derivatives, short sales, and pledging for directors and employees |
Governance Assessment
- Strengths: Independent status; strong finance/operator background; active committee service with planned chair role on Compensation Committee; full attendance post‑appointment; robust anti‑hedging/pledging policy; no related‑party loans/credits; formal ownership guidelines and clawback policy for Section 16 officers .
- Alignment considerations: Allan’s direct beneficial ownership was zero as of June 30, 2025, though he holds unvested RSUs and has a five‑year window to meet a 5x retainer ownership guideline; monitor progress toward guideline compliance to strengthen “skin‑in‑the‑game” alignment .
- Conflicts: No related‑party transactions disclosed; Board/committee policies require review and approval of any future related‑party transactions; external mandate limits observed .
Attendance and Engagement (FY2025)
| Body | Meetings Held | Allan Attendance |
|---|---|---|
| Board of Directors | 7 | 3 (attended all meetings post‑2024 AGM) |
| Compensation Committee | 5 | 3 (attended all meetings post‑2024 AGM) |
Director Compensation Mix (FY2025)
| Cash (%) | Equity (%) | Notes |
|---|---|---|
| ~17.9% | ~82.1% | Based on USD totals: cash $50,512; equity $232,082; total $282,594 |
Policies Relevant to Investor Confidence
- Change‑in‑control equity acceleration for NEOs is double‑trigger; no tax gross‑ups; directors receive service‑based RSUs, not PSUs; clawback policy implemented per SEC/Nasdaq rules for Section 16 officers .
- Related‑party transaction controls via Audit Committee; conflicts reviewed per Code of Conduct .
RED FLAGS
- Low current beneficial ownership (0 shares as of June 30, 2025) may be perceived as weaker immediate alignment; mitigated by RSUs outstanding and five‑year ownership guideline window to 2029 .