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    Snap-On Inc (SNA)

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    Snap-on Incorporated is a global innovator, manufacturer, and marketer of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks in various industries, including vehicle repair, aerospace, military, natural resources, and manufacturing . The company operates through four main business segments: the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services . Snap-on's product lines are categorized into tools, diagnostics, information and management systems, and equipment .

    1. Tools - Provides a wide range of hand and power tools for professional users across various industries.
    2. Snap-on Tools Group - Primarily serves vehicle service and repair technicians through a multinational mobile tool distribution channel.
    3. Repair Systems & Information Group - Offers solutions for professional vehicle repair customers, including independent repair shops and OEM dealerships.
    4. Commercial & Industrial Group - Serves a broad range of industrial and commercial customers, including critical industries.
    5. Equipment - Supplies equipment necessary for professional repair and maintenance tasks.
    6. Diagnostics and Information Systems - Delivers diagnostic tools and information systems to enhance repair efficiency and accuracy.
    7. Financial Services - Supports the sales of Snap-on products through financing programs.
    NamePositionStart DateShort Bio
    Nicholas T. PinchukChairman of the Board, President, and Chief Executive Officer2007Nicholas T. Pinchuk has been serving as Chairman of the Board since 2009 and as President and CEO since December 2007. He previously held various roles at Carrier Corporation .
    Aldo J. PagliariSenior Vice President – Finance and Chief Financial Officer2010Aldo J. Pagliari has been serving as the Senior Vice President – Finance and CFO since 2010, overseeing the company's financial operations .
    Jesus M. ArreguiSenior Vice President and President – Commercial Group2019Jesus M. Arregui has been serving as Senior Vice President and President – Commercial Group since 2019. He was previously President of SNA Europe from 2015 to 2019 .
    Anup R. BanerjeeSenior Vice President – Human Resources and Chief Development Officer2015Anup R. Banerjee has been serving as Senior Vice President – Human Resources and Chief Development Officer since 2015, contributing to leadership and development strategies .
    Iain BoydVice President – Operations Development2015Iain Boyd has been serving as Vice President – Operations Development since 2015. As of December 30, 2023, he is 61 years old .
    Timothy L. ChambersSenior Vice President and President – Snap-on Tools Group2019Timothy L. Chambers has been serving as Senior Vice President and President – Snap-on Tools Group since 2019. He was previously President of the Commercial Group from 2015 to 2019 .
    June C. LemerandVice President and Chief Information Officer2017June C. Lemerand has been serving as Vice President and Chief Information Officer since 2017, with over 20 years of experience in information technology .
    Richard T. MillerVice President, General Counsel and Secretary2018Richard T. Miller has served as Vice President, General Counsel and Secretary since 2018. He was previously Associate General Counsel from 2012 to 2018 .
    Marty V. OzolinsVice President and Controller2021Marty V. Ozolins has been serving as Vice President and Controller since 2021. He was previously Vice President and Director of Internal Audit from 2016 to 2021 .
    Thomas J. WardSenior Vice President and President – Repair Systems & Information Group2010Thomas J. Ward has been serving as Senior Vice President and President – Repair Systems & Information Group since 2010 .
    1. Recent comments indicate that technicians are hesitant to invest in big-ticket items due to economic uncertainties, leading the Tools Group to pivot towards shorter payback products; how sustainable is this strategy in driving growth, and what are the potential risks if the economic environment doesn't improve? , ,

    2. With sluggish performance in the RS&I segment's hardware business, particularly in capital-intensive undercar equipment, how do you plan to address the hesitation from repair shops to invest amid high interest rates and uncertainty, and mitigate the impact on your growth?

    3. Considering that SFC order growth was flat year-over-year, do you see this as an indication of potential stagnation in demand, and what strategies are you implementing to reinvigorate order momentum among franchisees?

    4. Given the mixed economic landscape in Europe with technical recessions in northern countries and challenges in China’s recovery, how do you intend to navigate these geographical headwinds to sustain growth in your critical industries segment? ,

    5. The industrial division showed strong profitability partly due to the acquisition of Mautz and growth in specialty torque products; can you elaborate on how you plan to maintain this momentum, and are there any concerns about over-reliance on specific product lines or acquisitions for growth?

    Program DetailsProgram 1Program 2
    Approval Date2021-11-04 2024-08-08
    End Date/DurationUntil limit met Until limit met
    Total additional amount$500 million $500 million
    Remaining authorization amount$0 $471.5 million
    DetailsReplaced by 2024 Authorization Active
    NameStart DateEnd DateReason for Change
    Deloitte & Touche LLP2002PresentCurrent auditor