Wednesday, December 19, 2007

Shakeup at Snap-on?

The board of directors at Snap-on Inc., has elected Nicholas Pinchuk as president and chief executive officer.

Pinchuk, currently president and chief operating officer, replaces Jack Michaels, who will remain board chairman.

Pinchuk joined Snap-on in 2002 as senior vice president and president of the company's worldwide commercial and industrial group. He was named president and chief operating officer in April, when he joined the board of directors.

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