KENOSHA, Wis.--(BUSINESS WIRE)--March 14, 2005--
Michael Montemurro Plans to Retire; Alan Biland Succeeds Montemurro as
President of Snap-on Tools Company; And Tom Ward Succeeds Biland as
President of Diagnostics and Information Group
Snap-on Incorporated (NYSE:SNA) today announced that Alan T.
Biland has been named president of Snap-on Tools Company, LLC,
responsible for the company's worldwide dealer organization, and a
senior vice president of Snap-on Incorporated, effective immediately.
He succeeds Michael F. Montemurro, senior vice president of Snap-on
Incorporated, who recently has expressed his intention to retire in
the near-term after serving the company for nearly 35 years. Thomas J.
Ward has been promoted to succeed Biland as president of the
Diagnostics and Information Group, and a vice president of Snap-on
Incorporated. Jeanne M. Moreno has been appointed vice president and
chief information officer (CIO) for Snap-on Incorporated, succeeding
Biland as CIO. She joins Snap-on having served as the senior vice
president and CIO for Citrix Software, a global leader in
infrastructure software. Mary Beth Siddons has been named to succeed
Ward as president of Diagnostics. Biland, Ward and Moreno will report
to Jack D. Michaels, chairman, president and chief executive officer
of Snap-on Incorporated, and Siddons will report to Ward.
Biland (46) joined Snap-on in 1998 as vice president and chief
information officer, and soon after added operational responsibility
for Mitchell 1, a leader in providing software and repair information
for the automotive industry. In 2001, he became president of the newly
formed Diagnostics and Information Group, bringing focus to Snap-on's
efforts to combine information with instrumentation. In addition to
leading the integration of the various diagnostics and information
operations, he drove the utilization of advanced technologies, guided
the company's e-commerce efforts and developed a strong management
team.
Ward (52) joined Snap-on in 1996 as vice president for underhood
sales. He was named vice president for national accounts in 1998 and
vice president of Diagnostics in 2000, becoming president of the
worldwide diagnostics organization in 2001. As president of
Diagnostics, Ward drove the successful integration and restructuring
of the various diagnostics businesses Snap-on had acquired during the
1990s, including the NEXIQ acquisition in late 2002. He spearheaded
the development of successful new product platforms, leading to
improved sales and earnings.
Moreno (49) was most recently senior vice president of corporate
services and chief information officer for Citrix Systems, a global
leader in access infrastructure software that supports access needs
for business customers. From 1994 to 2000, she was vice president and
chief information officer of BMC Software Corporation and, prior to
that time, held technology positions of increasing responsibility at
Kimberly-Clark Corporation in Wisconsin. Her background includes
responsibility for providing global IT technology services, including
deployment of enterprise resource planning (ERP) and customer
relationship management (CRM) systems. Throughout her career, she has
had responsibilities for technologies in use by engineering, R&D,
manufacturing operations, warehousing, logistics and supply chain
management. She will be responsible for enabling Snap-on's business
strategies through the delivery of existing and emerging technologies.
Siddons (41) most recently was vice president, global operations
for Snap-on's Diagnostics business since 2003, after previously
heading up the business unit's marketing and new product development
efforts as vice president, worldwide marketing. Siddons joined Snap-on
in 1994 in marketing at its Sun Electric subsidiary, and progressed
through various assignments of increasing responsibility in the
marketing department.
"Since 1971, Michael Montemurro has worked unselfishly to support
the company, its dealers and its people," said Michaels. "In addition
to assisting in a smooth transition, Montemurro will also take on
responsibility for certain special projects in the near term,
continuing to report directly to me."
"As we have previously stated, our emphasis is to accelerate our
improvement progress. With our priorities being to ensure the
continued leadership of Snap-on in the marketplace, further strengthen
our responsiveness to customers' needs today and in the future, and to
reduce complexity and costs, I am excited to announce the promotion of
these talented associates," added Michaels. "All of these individuals,
with their well-rounded leadership in serving customers and driving
improvements, gives me great confidence they will bring focus and
energy to accelerate this progress."
Snap-on Incorporated is a leading global innovator, manufacturer
and marketer of tool, diagnostics and equipment solutions for
professional tool users. Product lines include hand and power tools,
diagnostics and shop equipment, tool storage, diagnostics software and
other solutions for vehicle-service, industrial, government and
agricultural customers, and commercial applications, including
construction and electrical. Products are sold through its franchised
dealer van, company-direct sales and distributor channels, as well as
over the Internet. Founded in 1920, Snap-on is a $2+ billion, S&P 500
company headquartered in Kenosha, Wisconsin, and employs approximately
11,500 people worldwide.
For additional information on Snap-on, visit www.snapon.com.
CONTACT: Snap-on Incorporated
Richard Secor (Media contact), 262-656-5561
or
Bill Pfund (Investor contact), 262-656-6488
SOURCE: Snap-on Incorporated