Draper Tools announces new CEO

Draper Tools has revealed its new CEO, Matt Sheen. Sheen will oversee the continuing growth and expansion of the 104-year-old tool firm. The new appointment is the beginning of an exciting new chapter for the business as it builds for the future.

Matt Sheen is very well placed to take up the role, having originally begun his career in the tool industry at Draper in the sales team more than 28 years ago. Since then, he has built up a wealth of industry experience, including most recently at Metabo and Hikoki, where he was Managing Director.

“It’s a great honour to be with Draper Tools, and as the new CEO,” said Sheen.

“Draper is a company which has a great heritage and a strong team, with investment in additional key personnel in recent times, especially since the Covid pandemic. The company is still very much family orientated, with them supporting the direction and focus of the business.”

Originally established in 1919 by Bert Draper, Draper Tools is still family-owned and run today by the third and fourth generation of the Draper family. The business remains as committed to growth as ever, with a state-of-the-art new warehouse build currently underway at its Hampshire headquarters. The international operations are also expanding, with the company now exporting to over 70 countries worldwide.

Matt Sheen takes over the reins from Graham Wade, who retires after a successful 38 years at Draper Tools. In a joint family statement John, Tom and Joe Draper commented: “While we are sad to lose Graham, who is like one of the family to us, we are so excited to welcome Matt to the team. We know he’ll be a real asset to the business and look forward to working closely with him as he leads Draper into its next chapter. Recent years have seen a great deal of innovation and modernisation here and we’re not slowing down, with Matt on board we know we’re in a strong position to continue our plans for growth and expansion.”