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Snap-on Appoints Former BorgWarner CEO and Chairman to Board

John Fiedler, retired chairman and CEO of BorgWarner, has been appointed to Snap-on’s board of directors. Fiedler served as BorgWarner’s chairman and CEO until 2003. Prior to 1995, he was president and COO. During his tenure, BorgWarner increased its revenues from $800 million to roughly $3 billion.

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KENOSHA, WI — John Fiedler, retired chairman and CEO of BorgWarner, has been appointed to Snap-on’s board of directors.

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Fiedler served as BorgWarner’s chairman and CEO until 2003. Prior to 1995, he was president and COO. 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 Co. 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 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.”

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Fiedler is also a director of Yellow Roadway Corp., Mohawk Industries and AirTran Holdings. He is a member of the Kent State Centennial Commission and is on the board of trustees of the Manufacturers Alliance/MAPI.

For additional information about Snap-on, visit: www.snapon.com.

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