Following the April departure of the unit’s other member, Mike Mahan has now also moved on from Stanley Ventures.
Mike Mahan has left Stanley Ventures, the VC arm of tool and construction equipment company Stanley Black & Decker, after nearly a decade.
The move comes just over a month after Stanley Ventures’ president Dina Routhier left to join robotics and testing systems developer Teradyne’s CVC unit, Teradyne Robotics Ventures.
Mahan is the last of Stanley Black & Decker’s CVC team to leave after the company downsized the unit and closed it to new investment in 2022, leaving just Routhier and Mahan to manage the existing portfolio. The move away from corporate venturing followed the arrival of new CEO Donald Allen – who replaced the bullish-on-venture James Loree – following a precipitous fall in the corporate’s net income that year. In the year leading up to June 2025, Stanley Black & Decker’s stock price decreased by over 25%.
Mahan had been a founding member of the CVC unit in 2016 and had been managing director since 2019.
“To the venture community, I’m very grateful for all the incredible relationships we’ve formed over the years. I look forward to staying connected and building on the foundation we’ve laid thus far in my next role,” Mahan said, though he did not specify what his next role would be.
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
