02.06.2008 12:00:00
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Tony Satterthwaite Named President of Cummins Power Generation
Cummins Inc. (NYSE: CMI) announced today that Tony Satterthwaite has
been promoted to President of Cummins Power Generation effective
immediately, succeeding Tom Linebarger, who was named President and
Chief Operating Officer of Cummins Inc. last week. Satterthwaite, 48,
has been Vice President of the Generator Set Business since 2003.
"I am excited to have someone of Tony’s
caliber leading this important business in the Cummins’
family,” said Tim Solso, Chairman and Chief
Executive Officer. "His experience gives us an
advantage in the highly competitive power generation markets.”
Satterthwaite has 14 years of international experience, living abroad in
the U. K. and in Singapore. He ran the Southeast Asia region and led
Power Generation’s business in Asia-Pacific.
He was named Managing Director of Power Generation’s
operations in Ramsgate, England in 1999 and promoted to Vice President
in 2001.
Before joining Cummins in 1988, Satterthwaite was a General Field
Engineer for Schlumberger. He has a master’s
in business administration from Stanford University and an undergraduate
degree in civil engineering from Cornell University.
"Tony has done a terrific job for us during
the restructuring and the rapid growth of our generation operations,”
Linebarger said. "He has the business
background and experience necessary to lead this organization as we
pursue profitable growth opportunities for the future.” About Cummins
Cummins Inc., a global power leader, is a corporation of complementary
business units that design, manufacture, distribute and service engines
and related technologies, including fuel systems, controls, air
handling, filtration, emission solutions and electrical power generation
systems. Headquartered in Columbus, Indiana, (USA) Cummins serves
customers in approximately 190 countries and territories through a
network of more than 500 company-owned and independent distributor
locations and approximately 5,200 dealer locations. Cummins reported net
income of $739 million on sales of $13.05 billion in 2007. Press
releases can be found on the Web at www.cummins.com.
Forward-looking disclosure statement
Information provided in this release that is not purely historical are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including statements regarding the company’s
expectations, hopes, beliefs and intentions on strategies regarding the
future. It is important to note that the company’s
actual future results could differ materially from those projected in
such forward-looking statements because of a number of factors,
including, but not limited to, general economic, business and financing
conditions, labor relations, governmental action, competitor pricing
activity, expense volatility and other risks detailed from time to time
in Cummins Securities and Exchange Commission filings.
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