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Letter to the Editor

Snap-on Incorporated CFO Donald S. Huml Resigns to Join Greif Bros. Corp. as CFO

Snap-on Incorporated has announced that Donald S. Huml, senior vice president--finance and chief financial officer, has resigned from Snap-on, effective April 19. He joins Greif Bros. Corporation, an industrial shipping containers manufacturer as chief financial officer.

Snap-on has retained an executive search firm and is actively seeking his successor. Huml's responsibilities will be handled during the interim period by Denis J. Loverine, treasurer; Blaine A. Metzger, vice president and controller; William H. Pfund, vice president - investor relations; and John A. Kielich, director - corporate development.

"We want to extend our best wishes to Don in his new opportunity and thank him for his many contributions to Snap-on," said Dale F. Elliott, president and chief executive officer. "His assistance has been greatly appreciated, particularly during the past year as we worked through our transition of CEO leadership. He leaves behind a strong team and a solid finance function."

"I am looking forward to an exceptional opportunity at Greif," said Huml. "At the same time, I am also very pleased to have worked for such a great organization like Snap-on. It has an exciting future as the company implements its Driven to Deliver(TM) business process and builds on its considerable strengths in the marketplace."

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