Snap-on names new CEO
Kenosha, Wis.-based Snap-on has named president and COO Nicholas Pinchuk to the post of CEO, replacing Jack Michaels.
Pinchuk, 61, will continue to serve as president, while Michaels, 70, will remain chairman of the board, the company said.
“Nick’s leadership as COO reaffirms that he will guide the corporation’s continued success,” said Michaels.
Pinchuk has been with the company since 2002 and was named president and COO in April.
Snap-on is a global manufacturer and marketer of tools, diagnostics and equipment for professional users.
Huttig to close two branches
Huttig Building Products, a distributor of millwork, building materials and wood products, has announced its intention to close facilities in Greensburg, Pa., and Kansas City, Mo., in response to market conditions.
Greensburg customers will be served from distribution facilities in Columbus, Ohio, and Lancaster, Pa. The company will cover the Kansas City market from its facility in Springfield, Mo.
Huttig expects to save approximately $2.0 million before taxes as a result of the consolidation, which will also involve downsizing its corporate office in St. Louis.
Approximately 50 positions will be eliminated at the two closed branches, although some employees may transfer to other locations, according to the Huttig announcement. Another 30 positions have been cut at other branches and at Huttig headquarters during the fourth quarter of 2007, the company said.
Huttig currently operates through 36 locations serving the building, remodeling, industrial and manufactured homes market in 44 states.
PAL president to retire
Progressive Affiliated Lumbermen Cooperative (PAL), a building materials co-op based in Grand Rapids, Mich., has announced the retirement of its long-time president, William “Bill” Danzig, on Dec. 31, 2007.
A29-year veteran of the company, Danzig started as an assistant general manager before being promoted to executive vp and general manager. He assumed the title of president in the mid-1980s.
Danzig’s replacement has not yet been named, according to a PAL spokesperson.
Established in 1934, PAL is a member-owned buying group of independent lumberyards with dealers in 17 states throughout the Midwest and the Mid-Atlantic regions.