Cummins has named Joe Loughrey president and chief operating officer. Loughrey has has worked for Cummins 31 years. The company says his move to president is part of a strategic reorganization. “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,” said Tim Solso, chairman and chief executive.
Jim Kelly, previously vice president and general manager of Cummins mid-range and heavy-duty engine businesses, will succeed Loughrey as president of the engine business.
Rick Mills will become president of the new components group. Mills has led Cummins filtration business since 2000.
Rich Freeland will become president – worldwide distribution business, which combines Cummins international and North American distributors under one organization.
Steve Chapman, currently president of the international distributor business, will become group vice president – emerging markets and businesses. He will assume an expanded role in growth markets, such as China, India and Russia, as well as corporate business development.
Tom Linebarger, president of Cummins Power Generation, and Jean Blackwell, chief financial officer, have been named executive vice presidents.