Snap-on (NYSE: SNA) is a leading U.S. designer, manufacturer and marketer of tools and equipment to professional tool users. It was founded in 1920. Snap-on is located in Kenosha, Wisconsin, and employs approximately 11,500 people worldwide. The company is currently worth 2.4 billion dollars (US) and is one of the companies on the S&P 500.
The modern socket wrench, with interchangeable sockets, was invented by an American J.J. Richardson, of Woodstock, Vermont. The tool was patented through the Scientific American Patent Agency on June 18, 1863.[1] The first illustration of the tool appears on pg. 248 of the April 16, 1864 issue of Scientific American.[2]
Joseph Johnson and William Seidemann formed the Snap-on Wrench Company in 1920. The company manufactured and marketed ten sockets that would "snap on" to five interchangeable handles. Snap-on's direct-marketing was a concept that would revolutionize the sales industry.
To sell the products, Johnson and Seidemann worked with Stanton Palmer, who took the tools directly to customers at their places of business and demonstrated the benefits, which became the cornerstone of the company's marketing success. As a result of this successful sales strategy, Palmer enlisted Newton Tarble to share the increasing workload. These four founders — Joseph Johnson, William Seidemann, Stanton Palmer, and Newton Tarble, under the leadership of Palmer — were responsible for putting Snap-on tools on the map.
Shortly after its founding, Snap-on entered global markets in 1931. Also in the 1930s, Snap-on began offering credit to customers, the first in the industry to do so. In the 1950s, Snap-on expanded on the concept of bringing product to the customer by using fully stocked walk-in vans and, as a result, pioneered today's familiar dealer van channel.
Snap-On, Incorporated is one of the largest and most successful manufacturers and marketers of hand tools, power tools, shop equipment, diagnostic equipment, collision repair equipment, and emissions/safety equipment in the United States. The company makes hand tools such as wrenches, sockets, pliers, ratchets, screwdrivers; power tools such as pneumatic (air) and corded (electric) drills, sanders, and polishers; and a host of other items like wheel balancing and alignment equipment for cars, tool chests and cabinets for industrial, automotive, and aerospace storage applications, and engine and emission analyzing equipment. Snap-On markets its entire range of products through an extensive international network of subsidiaries, dealers, and representatives. The company considers itself the originator of the mobile van method of marketing hand tools.
Snap-on Incorporated (Snap-on), incorporated in 1920, is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. Snap-on’s products and services include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as customers in industry, Government, agriculture, aviation and natural resources. Snap-on also derives income from various financing programs to facilitate the sales of its products. As of January 1, 2011, the Company marketed its products and brands through multiple distribution sales channels in approximately 130 countries. Snap-on’s geographic markets include the United States, United Kingdom, Canada, Germany, Japan, France, Australia, Spain, the Netherlands, Italy, China and Sweden. Snap-on also reaches its customers through its franchisee, company direct, distributor and Internet channels. The Company operates in four business segments: the commercial and industrial group, the Snap-on Tools group, the diagnostics and information group, and financial services. On April 6, 2010, Snap-on acquired the remaining 40% interest in Wanda Snap-on (Zhejiang) Co., Ltd. (Wanda Snap-on), the Company’s tool manufacturing operation in Xiaoshan, China. On July 1, 2010, Wanda Snap-on was re-named Snap-on Asia Manufacturing (Zhejiang) Co., Ltd. (Xiaoshan).
The Company’s commercial and industrial group consists of the business operations providing tools and equipment products, and equipment repair services to a range of industrial and commercial customers through direct, distributor and other non-franchise distribution channels. The Snap-on Tools group consists of business operations serving automotive service technicians through the Company’s mobile tool distribution channel. The repair systems and information group consists of business operations serving other professional vehicle repair customers, owners and managers of independent repair shops, and OEM dealership service and repair shops, through direct and distributor channels. Financial services consists of the business operations of Snap-on Credit LLC (SOC), the Company’s financial services business in the United States, and Snap-on’s other wholly owned finance subsidiaries in those international markets where Snap-on has franchise operations.
Tools, Diagnostics and Repair Information, and Equipment
Snap-on offers a line of products and services that are grouped into three product categories, which include tools, diagnostics and repair information, and equipment. The tools product category includes hand tools, power tools and tool storage products. Hand tools include wrenches, screwdrivers, sockets, pliers, ratchets, saws and cutting tools, pruning tools, torque measuring instruments and other similar products. Power tools include pneumatic (air), hydraulic, cordless (battery) and corded (electric) tools, such as impact wrenches, ratchets, chisels, drills, sanders, polishers and similar products. Tool storage includes tool chests, roll cabinets, tool control systems and other similar products. The majority of products are manufactured by Snap-on and, in completing the product offering, other items are purchased from external manufacturers.
The diagnostics and repair information product category includes handheld and personal computer (PC)-based diagnostics products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems, business services, point-of-sale systems, integrated systems for vehicle service shops, OEM purchasing facilitation services, and warranty management systems and analytics to help OEM dealership service and repair shops manage and track performance. The equipment product category includes solutions for the diagnosis and service of automotive and industrial equipment. The equipment products include wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, test lane systems, collision repair equipment, air conditioning service equipment, brake service equipment, fluid exchange equipment, transmission troubleshooting equipment, safety testing equipment, battery chargers and hoists. Its products are marketed under a number of brand names, which include Snap-on, ATI, BAHCO, Blackhawk, Blue-Point, Cartec, CDI, Fish and Hook, Hofmann, Irimo, John Bean, Lindstrom, Mitchell1, Nexiq, Palmera, Sandflex, ShopKey, Sioux, Sun and Williams.
Financial Services
Snap-on also generates revenue from various financing activities that include loans to franchisees’ customers and the Company’s industrial and other customers for the purchase or lease of tools, equipment and diagnostics products on an extended term payment plan, and business loans and vehicle leases to franchisees. In the United States, Snap-on offers financing through SOC. Snap-on provides financing for the majority of contracts originated by SOC. Snap-on also offers financing to its franchisees and customer networks through its wholly owned international finance subsidiaries located in Canada, the United Kingdom, Australia and Puerto Rico. Snap-on’s international finance subsidiaries own and service the loans originated through their financing programs. Financing revenue from these contracts is recognized over the contractual term of the loans, with interest computed on the average daily balances of the underlying contracts.
In 1991 Robert A. Cornog, formerly the president of Macwhyte Company, became chairperson, president, and CEO of Snap-On, ending a long tradition of filling these positions from within the company. Also that year, Snap-On began to enroll all new U.S. dealers as franchisees and offered the option of applying for a franchise to existing dealers. Snap-On viewed the conversion to a franchise program as an opportunity to establish greater control over the marketing and business activities of its dealers. The program was not designed to increase revenues, and costs in new group insurance programs, stock purchase programs, and special volume-purchase discounts were expected to offset franchise fees. As an inducement to convert, Snap-On waived initial and some recurring franchise fees for existing dealers. Nonetheless, most existing dealers did not elect to apply for franchises.
Snap-On issued common stock valued at approximately $21.2 million to acquire the remaining interest in Balco, Inc. in 1991. The corporation also announced its intention to consolidate product inventories from 51 branch warehouses to four regional distribution centers. By this time, operations were conducted in subsidiaries located in Canada, the United Kingdom, Mexico, Germany, Australia, Japan, and The Netherlands. Sales in other countries accounted for 17 percent of total revenue, though only five percent of operating income.
Net earnings, which had been down from earlier levels for three years in a row, were still $34.3 million on net revenue of $881.7 million or 8.3 percent of net revenue in 1991, despite the recession in the United States and Canada. This translated to an after-tax return on average shareholders' equity of 11.4 percent, considerably below the 18 to 23 percent level that Snap-On had enjoyed in the years 1983--89. In response, Snap-On reorganized its management structure to allow separate accountability for its three business areas: Finance, Manufacturing and Technology, and Marketing and Distribution.
As Snap-On management looked to the end of the 20th century, management recognized that the corporation would have to adjust to fundamental changes in its business to achieve the high levels of return it sought. Believing that improved automotive quality and warranty programs had caused slower repair volume growth and had shifted work to the auto dealers, Snap-On determined to develop new products and services for existing customers while reaching out to the new markets as well.
Snap-On management began to consider whether other services, such as a credit card for general use, might profitably be offered to its credit-proven customers, who were in weekly contact with Snap-On dealers. Outside sourcing of products, which already accounted for 35 percent of Snap-On's manufacturing, was considered an opportunity for cost savings. International and industrial markets were seen as offering a possible means toward the growth to which Snap-On had always been accustomed.
In maintaining its strategy in searching for new markets, during the late 1990s management at Snap-On decided to enter into a licensing agreement with Stylus Writing Instruments to manufacture and market office products under its own brand name. Snap-On office tools, such as staples, staple removers, and tape dispensers, were marketed with the designation, "Made in the USA." In reaching the agreement, management at Stylus promised that all Snap-On office tools would be "ergonomic and durable, with unique styling and colors." At the same time, Snap-On made an about-face and ventured into direct consumer retail sales by reaching a private label pact with Lowe's Home Improvement Warehouse. Inaugurating a private label tool line known as Kobalt, the two companies were positioning themselves to compete against Sears' Craftsman brand, Wal-Mart's Popular Mechanics, and Home Depot's Husky brand name tool line. The expansion into retail sales was expected to increase the company's 1997 revenues of $1.7 billion by at least five percent, perhaps more. Since sales of Snap-On hand tools was estimated to increase at 1.5 percent, management considered the entry into retail sales well worth the effort and risk.
Snap-On announced a comprehensive plan to restructure its entire operation during the summer of 1998, including the elimination of more than 1,000 jobs to increase profitability. The plan was designed to close five manufacturing facilities and five warehouses, discontinue a number of product lines, consolidate some business units, and close more than 40 small sales offices throughout North America and Europe.
With more than 200 patents and numerous pending patent applications, Snap-On continues to encourage its research and development team to challenge the ordinary way of doing things. The company has been at the forefront of designing new tools for many industrial, medical diagnostic, automotive, and aerospace applications and also will remain one of the most innovative marketers within the tool manufacturing industry for years to come.
Principal Subsidiaries: Snap-On Tools of Canada Ltd.; Snap-On Tools Limited; Snap-On Tools International, Ltd. (F.S.C.); Herramientas Snap-On de Mexico, S.A.; Snap-On Tools GmbH (Germany); Snap-On Tools Import and Wholesale Pty. Ltd.; Snap-On Tools Netherlands B.V.; Snap-On Tools Japan, K.K.; Snap-On Tools (Europe) Limited; Snap-On AG (Germany); ATI Industries, Inc.; Balco, Inc.; Sun Electric Corp; Sioux Tools, Inc.; Wheeltronic, Ltd.; Edge Diagnostic Systems; Consolidated Devices, Inc.; John Bean Company; Credit Corp SPC LLC; Hoffman Werkstatt-Technik GmbH (Germany); Nu-Tech Industries, Inc.
OVERALL
Beta: 1.46
Market Cap (Mil.): $3,531.42
Shares Outstanding (Mil.): 58.20
Annual Dividend: 1.28
Yield (%): 2.11
FINANCIALS
SNA Industry Sector
P/E (TTM): 17.25 23.64 18.80
EPS (TTM): 49.84 -- --
ROI: 7.46 6.89 4.19
ROE: 14.91 8.73 7.33
Statistics:
Public Company
Incorporated: 1920 as Snap-On Wrench Company
Employees: 11,700
Sales: $1.77 billion (1998)
Stock Exchanges: New York
Ticker Symbol: SNA
SICs: 3423 Hand & Edge Tools, Not Elsewhere Classified; 3546 Power-Driven Handtools; 3825 Instruments for Electrical Signal Measurement; 3559 Special Industry Machinery, Not Elsewhere Classified
Name Age Since Current Position
Nicholas Pinchuk 64 2009 Chairman of the Board, President, Chief Executive Officer
Aldo Pagliari 56 2010 Chief Financial Officer and Senior Vice President - Finance
Thomas Ward 58 2010 Senior Vice President and President - Repair Systems & Information Group
Thomas Kassouf 58 2010 Senior Vice President; President -Snap-on Tools Company LLC
Jeanne Moreno 56 2005 Vice President, Chief Information Officer
Irwin Shur 52 2008 Vice President, General Counsel, Secretary
Constance Johnsen 53 2003 Vice President, Controller
Iain Boyd 48 2007 Vice President - Human Resources
James Holden 59 2009 Lead Independent Director
Bruce Chelberg 76 1993 Independent Director
Roxanne Decyk 58 1993 Independent Director
Arthur Kelly 73 1978 Independent Director
Edward Rensi 66 1992 Independent Director
W. Dudley Lehman 59 2003 Independent Director
John Fiedler 72 2004 Independent Director
Karen Daniel 53 2005 Independent Director
Nathan Jones 54 2008 Independent Director
Gregg Sherrill 58 2010 Independent Director
Address:
10801 Corporate Drive
Kenosha, Wisconsin 53141-1430
U.S.A.
The modern socket wrench, with interchangeable sockets, was invented by an American J.J. Richardson, of Woodstock, Vermont. The tool was patented through the Scientific American Patent Agency on June 18, 1863.[1] The first illustration of the tool appears on pg. 248 of the April 16, 1864 issue of Scientific American.[2]
Joseph Johnson and William Seidemann formed the Snap-on Wrench Company in 1920. The company manufactured and marketed ten sockets that would "snap on" to five interchangeable handles. Snap-on's direct-marketing was a concept that would revolutionize the sales industry.
To sell the products, Johnson and Seidemann worked with Stanton Palmer, who took the tools directly to customers at their places of business and demonstrated the benefits, which became the cornerstone of the company's marketing success. As a result of this successful sales strategy, Palmer enlisted Newton Tarble to share the increasing workload. These four founders — Joseph Johnson, William Seidemann, Stanton Palmer, and Newton Tarble, under the leadership of Palmer — were responsible for putting Snap-on tools on the map.
Shortly after its founding, Snap-on entered global markets in 1931. Also in the 1930s, Snap-on began offering credit to customers, the first in the industry to do so. In the 1950s, Snap-on expanded on the concept of bringing product to the customer by using fully stocked walk-in vans and, as a result, pioneered today's familiar dealer van channel.
Snap-On, Incorporated is one of the largest and most successful manufacturers and marketers of hand tools, power tools, shop equipment, diagnostic equipment, collision repair equipment, and emissions/safety equipment in the United States. The company makes hand tools such as wrenches, sockets, pliers, ratchets, screwdrivers; power tools such as pneumatic (air) and corded (electric) drills, sanders, and polishers; and a host of other items like wheel balancing and alignment equipment for cars, tool chests and cabinets for industrial, automotive, and aerospace storage applications, and engine and emission analyzing equipment. Snap-On markets its entire range of products through an extensive international network of subsidiaries, dealers, and representatives. The company considers itself the originator of the mobile van method of marketing hand tools.
Snap-on Incorporated (Snap-on), incorporated in 1920, is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. Snap-on’s products and services include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as customers in industry, Government, agriculture, aviation and natural resources. Snap-on also derives income from various financing programs to facilitate the sales of its products. As of January 1, 2011, the Company marketed its products and brands through multiple distribution sales channels in approximately 130 countries. Snap-on’s geographic markets include the United States, United Kingdom, Canada, Germany, Japan, France, Australia, Spain, the Netherlands, Italy, China and Sweden. Snap-on also reaches its customers through its franchisee, company direct, distributor and Internet channels. The Company operates in four business segments: the commercial and industrial group, the Snap-on Tools group, the diagnostics and information group, and financial services. On April 6, 2010, Snap-on acquired the remaining 40% interest in Wanda Snap-on (Zhejiang) Co., Ltd. (Wanda Snap-on), the Company’s tool manufacturing operation in Xiaoshan, China. On July 1, 2010, Wanda Snap-on was re-named Snap-on Asia Manufacturing (Zhejiang) Co., Ltd. (Xiaoshan).
The Company’s commercial and industrial group consists of the business operations providing tools and equipment products, and equipment repair services to a range of industrial and commercial customers through direct, distributor and other non-franchise distribution channels. The Snap-on Tools group consists of business operations serving automotive service technicians through the Company’s mobile tool distribution channel. The repair systems and information group consists of business operations serving other professional vehicle repair customers, owners and managers of independent repair shops, and OEM dealership service and repair shops, through direct and distributor channels. Financial services consists of the business operations of Snap-on Credit LLC (SOC), the Company’s financial services business in the United States, and Snap-on’s other wholly owned finance subsidiaries in those international markets where Snap-on has franchise operations.
Tools, Diagnostics and Repair Information, and Equipment
Snap-on offers a line of products and services that are grouped into three product categories, which include tools, diagnostics and repair information, and equipment. The tools product category includes hand tools, power tools and tool storage products. Hand tools include wrenches, screwdrivers, sockets, pliers, ratchets, saws and cutting tools, pruning tools, torque measuring instruments and other similar products. Power tools include pneumatic (air), hydraulic, cordless (battery) and corded (electric) tools, such as impact wrenches, ratchets, chisels, drills, sanders, polishers and similar products. Tool storage includes tool chests, roll cabinets, tool control systems and other similar products. The majority of products are manufactured by Snap-on and, in completing the product offering, other items are purchased from external manufacturers.
The diagnostics and repair information product category includes handheld and personal computer (PC)-based diagnostics products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems, business services, point-of-sale systems, integrated systems for vehicle service shops, OEM purchasing facilitation services, and warranty management systems and analytics to help OEM dealership service and repair shops manage and track performance. The equipment product category includes solutions for the diagnosis and service of automotive and industrial equipment. The equipment products include wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, test lane systems, collision repair equipment, air conditioning service equipment, brake service equipment, fluid exchange equipment, transmission troubleshooting equipment, safety testing equipment, battery chargers and hoists. Its products are marketed under a number of brand names, which include Snap-on, ATI, BAHCO, Blackhawk, Blue-Point, Cartec, CDI, Fish and Hook, Hofmann, Irimo, John Bean, Lindstrom, Mitchell1, Nexiq, Palmera, Sandflex, ShopKey, Sioux, Sun and Williams.
Financial Services
Snap-on also generates revenue from various financing activities that include loans to franchisees’ customers and the Company’s industrial and other customers for the purchase or lease of tools, equipment and diagnostics products on an extended term payment plan, and business loans and vehicle leases to franchisees. In the United States, Snap-on offers financing through SOC. Snap-on provides financing for the majority of contracts originated by SOC. Snap-on also offers financing to its franchisees and customer networks through its wholly owned international finance subsidiaries located in Canada, the United Kingdom, Australia and Puerto Rico. Snap-on’s international finance subsidiaries own and service the loans originated through their financing programs. Financing revenue from these contracts is recognized over the contractual term of the loans, with interest computed on the average daily balances of the underlying contracts.
In 1991 Robert A. Cornog, formerly the president of Macwhyte Company, became chairperson, president, and CEO of Snap-On, ending a long tradition of filling these positions from within the company. Also that year, Snap-On began to enroll all new U.S. dealers as franchisees and offered the option of applying for a franchise to existing dealers. Snap-On viewed the conversion to a franchise program as an opportunity to establish greater control over the marketing and business activities of its dealers. The program was not designed to increase revenues, and costs in new group insurance programs, stock purchase programs, and special volume-purchase discounts were expected to offset franchise fees. As an inducement to convert, Snap-On waived initial and some recurring franchise fees for existing dealers. Nonetheless, most existing dealers did not elect to apply for franchises.
Snap-On issued common stock valued at approximately $21.2 million to acquire the remaining interest in Balco, Inc. in 1991. The corporation also announced its intention to consolidate product inventories from 51 branch warehouses to four regional distribution centers. By this time, operations were conducted in subsidiaries located in Canada, the United Kingdom, Mexico, Germany, Australia, Japan, and The Netherlands. Sales in other countries accounted for 17 percent of total revenue, though only five percent of operating income.
Net earnings, which had been down from earlier levels for three years in a row, were still $34.3 million on net revenue of $881.7 million or 8.3 percent of net revenue in 1991, despite the recession in the United States and Canada. This translated to an after-tax return on average shareholders' equity of 11.4 percent, considerably below the 18 to 23 percent level that Snap-On had enjoyed in the years 1983--89. In response, Snap-On reorganized its management structure to allow separate accountability for its three business areas: Finance, Manufacturing and Technology, and Marketing and Distribution.
As Snap-On management looked to the end of the 20th century, management recognized that the corporation would have to adjust to fundamental changes in its business to achieve the high levels of return it sought. Believing that improved automotive quality and warranty programs had caused slower repair volume growth and had shifted work to the auto dealers, Snap-On determined to develop new products and services for existing customers while reaching out to the new markets as well.
Snap-On management began to consider whether other services, such as a credit card for general use, might profitably be offered to its credit-proven customers, who were in weekly contact with Snap-On dealers. Outside sourcing of products, which already accounted for 35 percent of Snap-On's manufacturing, was considered an opportunity for cost savings. International and industrial markets were seen as offering a possible means toward the growth to which Snap-On had always been accustomed.
In maintaining its strategy in searching for new markets, during the late 1990s management at Snap-On decided to enter into a licensing agreement with Stylus Writing Instruments to manufacture and market office products under its own brand name. Snap-On office tools, such as staples, staple removers, and tape dispensers, were marketed with the designation, "Made in the USA." In reaching the agreement, management at Stylus promised that all Snap-On office tools would be "ergonomic and durable, with unique styling and colors." At the same time, Snap-On made an about-face and ventured into direct consumer retail sales by reaching a private label pact with Lowe's Home Improvement Warehouse. Inaugurating a private label tool line known as Kobalt, the two companies were positioning themselves to compete against Sears' Craftsman brand, Wal-Mart's Popular Mechanics, and Home Depot's Husky brand name tool line. The expansion into retail sales was expected to increase the company's 1997 revenues of $1.7 billion by at least five percent, perhaps more. Since sales of Snap-On hand tools was estimated to increase at 1.5 percent, management considered the entry into retail sales well worth the effort and risk.
Snap-On announced a comprehensive plan to restructure its entire operation during the summer of 1998, including the elimination of more than 1,000 jobs to increase profitability. The plan was designed to close five manufacturing facilities and five warehouses, discontinue a number of product lines, consolidate some business units, and close more than 40 small sales offices throughout North America and Europe.
With more than 200 patents and numerous pending patent applications, Snap-On continues to encourage its research and development team to challenge the ordinary way of doing things. The company has been at the forefront of designing new tools for many industrial, medical diagnostic, automotive, and aerospace applications and also will remain one of the most innovative marketers within the tool manufacturing industry for years to come.
Principal Subsidiaries: Snap-On Tools of Canada Ltd.; Snap-On Tools Limited; Snap-On Tools International, Ltd. (F.S.C.); Herramientas Snap-On de Mexico, S.A.; Snap-On Tools GmbH (Germany); Snap-On Tools Import and Wholesale Pty. Ltd.; Snap-On Tools Netherlands B.V.; Snap-On Tools Japan, K.K.; Snap-On Tools (Europe) Limited; Snap-On AG (Germany); ATI Industries, Inc.; Balco, Inc.; Sun Electric Corp; Sioux Tools, Inc.; Wheeltronic, Ltd.; Edge Diagnostic Systems; Consolidated Devices, Inc.; John Bean Company; Credit Corp SPC LLC; Hoffman Werkstatt-Technik GmbH (Germany); Nu-Tech Industries, Inc.
OVERALL
Beta: 1.46
Market Cap (Mil.): $3,531.42
Shares Outstanding (Mil.): 58.20
Annual Dividend: 1.28
Yield (%): 2.11
FINANCIALS
SNA Industry Sector
P/E (TTM): 17.25 23.64 18.80
EPS (TTM): 49.84 -- --
ROI: 7.46 6.89 4.19
ROE: 14.91 8.73 7.33
Statistics:
Public Company
Incorporated: 1920 as Snap-On Wrench Company
Employees: 11,700
Sales: $1.77 billion (1998)
Stock Exchanges: New York
Ticker Symbol: SNA
SICs: 3423 Hand & Edge Tools, Not Elsewhere Classified; 3546 Power-Driven Handtools; 3825 Instruments for Electrical Signal Measurement; 3559 Special Industry Machinery, Not Elsewhere Classified
Name Age Since Current Position
Nicholas Pinchuk 64 2009 Chairman of the Board, President, Chief Executive Officer
Aldo Pagliari 56 2010 Chief Financial Officer and Senior Vice President - Finance
Thomas Ward 58 2010 Senior Vice President and President - Repair Systems & Information Group
Thomas Kassouf 58 2010 Senior Vice President; President -Snap-on Tools Company LLC
Jeanne Moreno 56 2005 Vice President, Chief Information Officer
Irwin Shur 52 2008 Vice President, General Counsel, Secretary
Constance Johnsen 53 2003 Vice President, Controller
Iain Boyd 48 2007 Vice President - Human Resources
James Holden 59 2009 Lead Independent Director
Bruce Chelberg 76 1993 Independent Director
Roxanne Decyk 58 1993 Independent Director
Arthur Kelly 73 1978 Independent Director
Edward Rensi 66 1992 Independent Director
W. Dudley Lehman 59 2003 Independent Director
John Fiedler 72 2004 Independent Director
Karen Daniel 53 2005 Independent Director
Nathan Jones 54 2008 Independent Director
Gregg Sherrill 58 2010 Independent Director
Address:
10801 Corporate Drive
Kenosha, Wisconsin 53141-1430
U.S.A.