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Letter to the Editor
Friday February 20
Snap-on Appoints John F. Fiedler to Board of Directors
Snap-on Incorporated, the global leader in tools, diagnostics and equipment, has announced that John F. Fiedler, retired chairman of the board and chief executive officer of BorgWarner Inc., has been appointed to Snap-on's board of directors.Fiedler, 65, served as BorgWarner's chairman and chief executive officer until 2003. Prior to 1995, he was president and chief operating officer. During his tenure, BorgWarner increased its revenues from $800 million to roughly $3 billion, and grew from a largely North American company to one with a geographically balanced customer base. Also under Fiedler's leadership, the company broadened its powertrain expertise beyond transmissions and four-wheel drive systems into engine technology.
Prior to joining BorgWarner in 1994, Fiedler was with The Goodyear Tire & Rubber Company where he was executive vice president in charge of the North American Tire division.
"We are delighted that John Fiedler has joined our board," said Roxanne J. Decyk, Snap-on director and chairperson of the corporate governance and nominating committee. "He brings with him great corporate leadership experience, as well as in-depth industry knowledge, having spent nearly 40 years in a wide range of responsibilities within the automotive industry."
"Mr. Fiedler is a great addition to the board," said Dale F. Elliott, Snap-on chairman, president and chief executive officer. "His global perspective and broad management experience will be of tremendous benefit as Snap-on continues its application of Lean business principles across the organization and its pursuit of profitable growth opportunities."
Fiedler is also a director of Yellow Roadway Corporation, Mohawk Industries, Inc. and AirTran Holdings, Inc. He is a member of the Kent State Centennial Commission and is on the Board of Trustees of the Manufacturers Alliance/MAPI.
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