Snap-On’s Pinchuk Takes on Third Office

The board of directors at Snap-On Incorporated have elected current company president and CEO Nicholas T. Pinchuk to the position of chairman. Pinchuk succeeds Jack D. Michaels, who is leaving the Snap-on board of upon the expiration of his term on April 23, 2009.

“We are extremely pleased to have Nick as Snap-on’s chairman, president and chief executive officer, and look forward to him continuing to build on the foundation he has laid during his past seven years with the company,” said W. Dudley Lehman, chairman of the company’s Corporate Governance & Nominating Committee. “Nick’s election as chairman is a further indication of the board’s confidence in his leadership.”

“I feel extraordinarily privileged to be part of the Snap-on team. We’ve made substantial progress over the last few years, and I look forward to continuing that work with the support of the board, our associates, our franchisees and all of our company’s stakeholders,” Pinchuk. “We thank Jack Michaels for his special leadership and significant contributions to the Snap-on family.”

Nicholas Pinchuk joined Snap-on in 2002 as senior vice president and president of Snap-on’s Worldwide Commercial and Industrial Group. He was named president and chief operating officer in April 2007, when he was also appointed to Snap-on’s board of directors. In December 2007, he was named president and chief executive officer. Prior to joining Snap-on, Pinchuk served in several executive operational and financial management positions at United Technologies Corporation. Before United Technologies, he held various financial and engineering positions at the Ford Motor Company. He also served as an officer in the United States Army.

The company chairman, president and chief executive officer is also a member of the board of directors of Columbus McKinnon Corporation.