COLUMBUS, Ind. — Cummins has announced changes to its executive team, including the appointment of Joe Loughrey to the position of president and chief operating officer.
Loughrey has been with the engine manufacturer for 31 years and the company says the move is part of a strategic reorganization designed to further promote growth among Cummins’ businesses.
“Coming off a record year in 2004 and an outstanding first quarter in 2005, Cummins is not content to rest on its recent successes,” said Tim Solso, Cummins chairman and CEO. “We are restructuring critical elements of the Company to help us better execute our plans, grow faster – especially in developing markets – capture more synergies between businesses and generate more profit for shareholders.”
Loughrey’s former post as president of the engine business will be taken over by Jim Kelly, formerly vice-president and general manager of Cummins MidRange and Heavy-Duty Engine Businesses.
Meanwhile, Rick Mills will be the new president of Cummins’ new components group. Mills has led the company’s filtration business since 2000.
Rich Freeland has been named president, worldwide distribution business of Cummins, combining the company’s international and North American distributors under one organization.
And Steve Chapman, former president of the International Distributor Business will now be group vice-president, emerging markets and businesses.
Cummins also announced Tom Linebarger, president of Cummins Power Generation and Jean Blackwell, CFO have been named executive vice-presidents.
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