Snap-on CEO to speak at SVC commencement

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BENNINGTON — Nicholas T. Pinchuk, chairman and chief executive officer of tool maker Snap-on, will be the speaker at Southern Vermont College's 91st commencement exercises on Saturday, May 12.

Pinchuk has been president and chief operating officer, as well as a member of the board of directors, at Snap-on, a $3.4 billion designer and manufacturer of high-end tools and equipment, since April 2007. He was elected chief executive officer in December 2007, and became chairman of the company in April 2009. Pinchuk joined Snap-on in 2002 as senior vice president and president of Snap-on's Worldwide Commercial and Industrial Group.

"It is a genuine honor to have Nick Pinchuk as our commencement speaker," said SVC President David R. Evans. "He is an extremely influential business leader, and heads a company that is one of the most respected brands in the United States, one that has developed multiple strategies to help young entrepreneurs get their start and gain success in business. His sincere interest in higher education and in fostering a strong economy makes him an ideal speaker for our community."

According to the company's website, Snap-on is "a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks." Its products, sold through the company's franchisee, company-direct, distributor and internet channels, include hand and power tools, tool storage, diagnostic software, information and management systems and shop equipment. Founded in 1920, Snap-on is headquartered in Kenosha, Wisconsin.

Pinchuk is a longtime proponent of workforce development and technical education and careers. Recognizing his role in the formation of the nation's technical education agenda, the Career and Technical Education Foundation named Pinchuk National Business Leader of the Year in 2011. SkillsUSA named him Champion of the Year in 2012, recognizing his support for the growth of a skilled American workforce. He was inducted into the 2014 Industry Week Manufacturing Hall of Fame. More recently, the International Technology and Engineering Educators Association recognized Pinchuk in 2015 for his professional contributions.

Before arriving at Snap-on, Pinchuk was president of global refrigeration operations, a multi-billion dollar business unit of Carrier Corporation, a subsidiary of United Technologies. Prior to that, he served in executive, operational, planning and financial capacities within Carrier and United Technologies, including: president of Asia-Pacific air conditioning operations; global vice president of strategic planning; and chief financial officer of Carrier International Corporation. Before joining United Technologies, he was with Ford, where he held various financial and engineering positions.

He served in Vietnam as an officer in the U.S. Army. At JP Morgan Chase & Co.'s ongoing series of conversations with influential leaders in business, Pinchuk responded to how his military service had influenced the way he ran his business. He said, "My time in the Army taught me the value of teamwork, the importance of skills and the power of confidence and belief. It's guided how I serve my company and how I think about any issue, including the up-skilling of our youth."

Pinchuk received a master's in business administration from Harvard Business School and master's and bachelor of science degrees in electrical engineering from Rensselaer Polytechnic Institute. He serves on the boards of directors of Columbus McKinnon Corp. and the National Association of Manufacturers. He also serves on the board of trustees of the Manufacturer's Alliance for Productivity and Innovation, on the senior advisory board of the Syracuse University School of Management, and on the board of trustees of Carthage College.


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