KENOSHA, Wis. (Feb. 23, 2004) — Automotive service tools and equipment maker Snap-on Inc. has named to its board John F. Fiedler, who retired last year as chairman and CEO of BorgWarner Inc.
Mr. Fiedler, 65, who joined BorgWarner in 1994, also had served as its president and chief operating officer prior to 1995. While he was at BorgWarner, the company increased its revenues from $800 million to about $3 billion, and grew from a largely North American firm to one with a geographically balanced customer base, according to a press release from Snap-on, which markets tools, diagnostics and equipment for the automotive service industry.
Also under Mr. Fiedler's leadership, BorgWarner broadened its powertrain expertise beyond transmissions and four-wheel drive systems into engine technology, Snap-on added.
Prior to his tenure at BorgWarner, Mr. Fiedler was executive vice president in charge of Goodyear's North American Tire division.
Dale F. Elliot, Snap-on chairman, president and CEO, called Mr. Fiedler a “great addition to the board. 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.”