20.09.2007 17:23:00
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Cummins Announces Leadership Changes at Cummins MerCruiser Diesel
Cummins Inc. (NYSE:CMI) today announced that Scott Patrohay, President
and CEO – Cummins MerCruiser Diesel (CMD), has
been selected as Distributor Principal, effective January 2008, of a new
Cummins distributor joint venture that will serve much of the
northeastern United States.
Cummins Power Systems LLC, will combine the territories of the current
Cummins Power Systems and Cummins Metropower distributors. Both are
independently owned distributors whose principals are retiring in the
coming months.
Under the joint venture, Patrohay and Cummins Inc. will have equity
interest in the merged distributor, and Patrohay will lead the
day-to-management of the company. The joint venture will serve customers
in Connecticut, the New York City metro region, New Jersey, Maryland and
eastern Pennsylvania.
Succeeding Patrohay at CMD is Alex Savelli, Managing Director –
Energy Solutions and Rental Business at Cummins Power Generation. He
assumes his new role effective November 1.
CMD is a joint venture between Cummins and Mercury Marine, based in
Charleston, S.C., that produces power solutions for the recreational and
commercial marine markets.
Patrohay, who joined Cummins in 1988 following his graduation from
Purdue University, has led CMD since 2002. He held a number of
engineering and marketing positions with the Company prior to joining
CMD.
"Scott's extensive background in multiple
areas uniquely positions him for his new role as Distributor Principal,”
said Rich Freeland, President – Distribution
Business. "Scott will make a strong partner as
we work to grow our distribution business in this important region.”
Savelli, who earned his bachelor’s degree from
the University of Sao Paulo - Polytechnic Engineering School and his MBA
from the University of Michigan, joined Cummins Engine Business in 1994,
holding various marketing and sales roles both in the United States and
Europe, prior to moving to the Company’s
Power Generation business in 2004. He has been in his current role since
September 2005.
"Alex has played a key role in turning around
our Energy Solutions and rental businesses, and we’re
confident he will lead Cummins MerCruiser Diesel to continued growth,”
said Jim Kelly President – Engine Business
for Cummins.
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 more than 160 countries through its network of 550
Company-owned and independent distributor facilities and more than 5,000
dealer locations. Cummins reported net income of $715 million on sales
of $11.4 billion in 2006. Press releases can be found on the Web at www.cummins.com.
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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