Valentine’s Day special: CEO married to CEO
While their two companies are in different fields, John Lundgren and his wife Tamara Lundgren both carry the tile CEO -- John of Stanley Black & Decker, Tamara of Schnitzer Steel.
Both executives appeared on CNBC’s Squawk Box on Valentine’s Day to talk about their businesses.
There is no overlap between the two businesses, the Lundgrens said, but there is emotional support through the ups and downs of industry.
For Stanley Works, which relies heavily on construction activity, housing permits are up 3.6% to 900,000, he said, the best since 2008. “But that’s half of what they wee at the peak,” Lundgren said. “While there's some green shoots, we're not planning on any help from the macro-economic environment, and we're undertaking a lot of organic growth initiatives on our own.”
Lundgren pointed to a couple of new products gaining consumer interest -- the Black & Decker Gyro motion-activated screwdriver and the Matrix quick connect system.
The married CEOs said they make time to see each other on Friday nights.