Cummins Engine forms four business units; new organizational structure responds to changing customer needs, products and markets; supports pursuit of global growth and improved profitability.COLUMBUS, Ind.--(BUSINESS WIRE)--March 21, 1996--Cummins Engine Co. Inc. (NYSE NYSE See: New York Stock Exchange :CUM) Chairman and Chief Executive Officer James A. Henderson James A. Henderson was Chairman of the Board from 1995 and Chief Executive Officer from 1994 of Cummins Inc. (manufacturer of diesel and natural gas engines), Columbus, Indiana, until his retirement in December 1999. Mr. Henderson has been a Director of AT&T Inc. since October 1999. today announced a new organizational structure  This article has no lead section.To comply with Wikipedia's lead section guidelines, one should be written. as part of its ongoing initiatives to strengthen customer focus, pursue growth opportunities and improve profitability. The new organization will consist of four businesses: Automotive, Power Generation, Industrial and Filtration. Each business will include worldwide marketing, engineering and manufacturing capabilities. "We have grown rapidly in recent years and diversified both our markets and our geographical base. This has made it imperative that we form integrated worldwide business organizations that will be more responsive to the needs of our customers in our various markets," said Henderson. The four business units will report to President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Tim Solso. "By enhancing accountability and streamlining decision-making, the new organization will link us even more closely to our customers. In addition, it will allow us to more effectively pursue our many growth opportunities worldwide and become more cost efficient," said Solso. The Automotive Business will be led by C. Roberto Cordaro. It will include heavy-duty and midrange truck, bus and light commercial vehicles as well as heavy-duty manufacturing and engineering. The Power Generation Business, led by John K. Edwards, will focus on rapidly developing power generation markets worldwide and will encompass high-horsepower manufacturing and engineering. The Industrial Business, led by F. Joseph Loughrey, will be responsible for the industrial, marine, government and rail markets worldwide. It will include midrange engineering and manufacturing as well as corporate research and development. M. David Jones David Jones is a common name, particularly in Wales, and there have been several well-known individuals with this name. Variations include Dave Jones and Davy Jones. will lead Cummins' Filtration Business as President of Fleetguard, Inc., headquartered in Nashville, Tenn. Cummins, headquartered in Columbus, Ind., is a leading worldwide designer and manufacturer of diesel engines and related products. These engines provide power for its key markets: automotive, power generation, industrial and Fleetguard. Cummins reported record sales of $5.2 billion in 1995. -0- C. Roberto Cordaro, 46, joined Cummins in 1978 after working for Chrysler and General Motors in Brazil. He has served in Cummins' Brazilian operations and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. marketing, and was named group vice president - marketing in 1990. Cordaro received his B.S. and M.S. degrees in engineering from Faculdade Engenharia Industrial - FEI FEI Fédération Équestre Internationale. in Brazil, and is a graduate of the Stanford Executive Program. He was born in Sao Paulo, Brazil. John K. Edwards, 51, has been with Cummins since 1972 and served in various capacities in the company's operations in Columbus and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. before being named vice president - international in 1989. Prior to joining Cummins, Edwards served in the Peace Corps in Colombia. He holds B.A. and M.A. degrees in economics from Claremont Men's College and Vanderbilt Univ., respectively. Edwards is a native of Erie, Pa. F. Joseph Loughrey, 46, joined Cummins in 1974 and has served in the areas of manufacturing, engineering and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . He was named group vice president - worldwide operations in 1990 and assumed added responsibilities as chief technical officer in 1995. Loughrey received a B.S. degree in economics and African studies African studies (also known as Africana studies) is the study of Africa, and can encompass such fields as social and economic development, politics, history, culture, sociology, anthropology or linguistics. A specialist in African studies is referred to as an Africanist. from the University of Notre Dame Notre Dame IPA: [nɔtʁ dam] is French for Our Lady, referring to the Virgin Mary. In the United States of America, Notre Dame . He is a native of Holyoke, Mass. M. David Jones, 49, joined Cummins in 1970 and has served in a number of positions at the company's Fleetguard filter subsidiary and in Cummins' parts and service operations. He was named vice president - aftermarket group in 1989. Jones holds a B.S. degree in engineering from Tennessee Technological Univ. and an M.B.A. from Harvard Univ. He is a native of Nashville, Tenn. CONTACT: Cummins Engine Co. Inc. Ann C. Smith, 812/377-3524 |
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