Cummins Announces Leadership Changes
Tony Satterthwaite to Lead Distribution; Antonio Leitao to Lead Power Generation
COLUMBUS, IN -- (Marketwired) -- 01/21/15 -- Cummins Inc. (NYSE: CMI) today announced that Tony Satterthwaite, Vice President, President - Cummins Power Generation, will become President of the Company's Distribution Business Unit, succeeding Vice President and President Pamela Carter who is retiring. Antonio Leitao, Vice President - Power Products for Cummins Power Generation, will succeed Tony Satterthwaite as the leader of that business unit. Both assume their new roles, April 1.
Satterthwaite has been leading Power Generation since 2008. He has been with Cummins since 1988, serving in a variety of roles with that business unit. He graduated from Cornell University with a Bachelor's degree in Civil Engineering in 1982 and received a Master's degree in Business Administration from Stanford University in 1988.
"Pamela was a terrific leader for Cummins who helped grow our business across the globe and I want to thank her for her countless contributions to Cummins and our communities," said Tom Linebarger, Chairman and CEO, Cummins Inc. "I am confident that Tony will further the outstanding work in the Distribution Business and I believe Antonio can build on Tony's great work leading Power Generation. Tony and Antonio are both excellent leaders who are committed to making our Company stronger. Each have proven records of bringing together employees to deliver innovative solutions to customers around the world. Their leadership will help us achieve excellent results."
Leitao worked for a French company in the power generation business before joining Cummins in 2002. He graduated from the University of Brittany in France with a Bachelor's degree in Electrical Engineering in 1986. He received an Executive Master's degree in Business Administration from Stanford University in 2007.
A native of Portugal and a citizen of France, Leitao was Director of Power Generation Sales and Marketing for Europe, the Middle East and Africa, from 2002 to 2007. He then was Director - Power Generation for Europe, the Middle East, Africa and Asia Pacific from 2007 to 2008. He served as Executive Director of Global Commercial Products from 2008 to 2011 when he became Vice President - Power Products.
Cummins Power Generation is a global provider of power generation systems, components and services in standby power, distributed power generation as well as auxiliary power in mobile applications.
It also provides a full range of services including long-term operation and maintenance contracts and turnkey, temporary power solutions. Power Generation sales were just over $3 billion in 2013, representing about 18 percent of the Company's total sales of $17.3 billion.
About Cummins
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins currently employs approximately 48,000 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 6,500 dealer locations. Cummins earned $1.48 billion on sales of $17.3 billion in 2013. Press releases can be found on the Web at www.cummins.com. Follow Cummins on Twitter at @Cummins and on YouTube at CumminsInc.
The following files are available for download:
Jon Mills
Director - External Communications
(317) 658-4540
jon.mills@cummins.com
Source: Cummins Inc.
Released January 21, 2015