Snap-on, an innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users, announced that Martin Ellen, senior vice president – finance and chief financial officer (CFO), is resigning from Snap-on to become executive vice president and CFO of Dr Pepper Snapple Group. To allow for an appropriate transition, Ellen will remain as Snap-on’s chief financial officer until 31 March 2010.
Aldo Pagliari, currently president – Snap-on Equipment, and formerly group controller/director of finance for the Snap-on Commercial and Industrial Group, will succeed Ellen as Snap-on’s senior vice president – finance and CFO.
Since 2007, Pagliari has been responsible for Snap-on Equipment’s worldwide businesses including sales, service, marketing, manufacturing, finance and product development. Previously, he held the position of senior vice president – commercial and industrial, with responsibility for the group’s global financial operations. Pagliari joined Snap-on in 2002 from United Technologies as group controller/director of finance and planning for the commercial and industrial group. At United Technologies, he held several senior posts through the worldwide finance and business development organisation, including responsibilities involving European, Latin American, and Asia-Pacific arenas.
Pagliari holds a MBA from Syracuse University and a BSc in Mineral Economics from Pennsylvania State University. He is also a certified public accountant (CPA).
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