Cummins Names Jim Schacht General Manager — Commercial Marine

CHARLESTON, S.C., Feb. 27, 2014 /PRNewswire/ — Cummins Inc. (NYSE: CMI) has
named Jim Schacht General Manager for the Commercial Marine Business. Working in
close cooperation with the Cummins distributor network, Schacht will be
responsible for all commercial marine business activities for the Engine
Business Unit (EBU) globally, including business development and support. He
will be located in Columbus, Indiana and will report directly to Ed Pence, Vice
President of the High Horsepower Engine Business.


“The importance of the commercial marine market to Cummins has increased
significantly over the past several years,” said Schacht. “We will continue to
invest in our people, products and services to help our customers succeed in
this increasingly demanding market segment.”

Jim Schacht joined Cummins in 2010 as the Executive Director of Cummins Business
Services, responsible for Cummins’ corporate shared services organization that
provides Accounting, Customer Care, HR and IT Services to Cummins operating
entities worldwide. Over the last four years, Jim created a truly global
services entity, increasing global support capabilities, improving internal
service delivery and customer satisfaction measures, while lowering costs and
improving operational efficiencies.

Prior to Cummins, Schacht held numerous executive-level leadership roles in the
communications, information technology and hospitality industries. Schacht holds
a BA in Philosophy from Trinity College (Hartford, CT USA) and an MBA from
Harvard University.

Jim Schacht replaces Jenny Bush who will serve as the President for Cummins
Mid-South, the exclusive distributor of Cummins products in Alabama, Arkansas,
Louisiana, and Mississippi, and portions of Florida, Illinois, Missouri, and
Tennessee. Across this geography, Mid-South serves a number of markets and is
notable for its global leadership within the commercial marine segment. Bush
will relocate to the distributor’s headquarters in Memphis, Tennessee.

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.

Forward-Looking Disclosure Statement
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.

Elizabeth Zaitz
Marine Communications Manager

Read more news from Cummins Inc.

SOURCE Cummins Inc.

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