Cummins Announces Leadership Changes at Cummins MerCruiser Diesel
CMD President Scott Patrohay to Lead Newly Merged Cummins Distributor Joint Venture
COLUMBUS, Ind.--(BUSINESS WIRE)--
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.
Source: Cummins Inc.
Released September 20, 2007