FEBRUARY 20, 2014 — Cummins Inc. (NYSE: CMI) has named Jim Schacht as General Manager for its Commercial Marine Business. Working in close cooperation with the Cummins distributor network, Mr. 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, IN, 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 Mr. Schacht. "We will continue to invest in our people, products and services to help our customers succeed in this increasingly demanding market segment."
Mr. 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, says Cummins, he "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 joining Cummins, Mr. Schacht played executive-level leadership roles in the communications, information technology and hospitality industries. He holds a BA in Philosophy from Trinity College (Hartford, CT USA) and an MBA from Harvard University.
Mr. 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 leadership within the commercial marine segment. Bush will relocate to the distributor's headquarters in Memphis, TN.