Cummins Announces Leadership Changes at Cummins MerCruiser Diesel.CMD CMD cerebromacular degeneration. President Scott Patrohay to Lead Newly Merged Cummins Distributor Joint Venture COLUMBUS, Ind. -- Cummins Inc. (NYSE NYSE See: New York Stock Exchange :CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. ) today announced that Scott Patrohay, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. - 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Cummins Power Systems LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , 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 New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. 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 MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. , 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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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