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Letter to the Editor
Wednesday December 21
Snap-on Appoints Karen L. Daniel to Board of Directors
Karen L. Daniel, executive vice president and chief financial officer of Black & Veatch Corporation has been appointed to the board of directors of Snap-on Incorporated, a global supplier of tools, diagnostics, and equipment.Daniel joined Black & Veatch in 1992 and oversees all finance functions for the corporation. Before being named chief financial officer in January 2000, she held positions of increasing responsibility, including being nominated as an executive director, at Black & Veatch. That nomination will be presented for approval at their Annual Shareholders Meeting in 2006. Black & Veatch is a leading global engineering, construction and consulting company specializing in infrastructure development in the areas of energy, water and information.
Prior to joining Black & Veatch, Daniel had been a senior audit manager for the public accounting firm of KPMG Peat Marwick.
Daniel is also a member of the Greater Kansas City Community Foundation Board, a member of the Board of Regents of Northwest Missouri State University, and a board member of MRI, an independent, not-for-profit contract research organization.
"We are pleased to have Karen Daniel join our board," said W. Dudley Lehman, Snap-on director and chairperson of the Corporate Governance and Nominating Committee. "In addition to her leadership capabilities, she brings a broad perspective on finance and strategy development."
Snap-on believes Daniel meets the independence requirements of the New York Stock Exchange. Her appointment increases the Snap-on board to 10 members. Additionally, Daniel will be put forward as a nominee for election at Snap-on's 2006 Annual Meeting of Shareholders to serve for a new three-year term.
Founded in 1920, Snap-on is a $2.4 billion, S&P 500 company headquartered in Kenosha, Wisconsin.
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