May 30, 2008 11:00 AM, EDT

Tom Linebarger Named Cummins’ Next President

Will Succeed Joe Loughrey, Who Will Step Down in August

Diesel engine maker Cummins Inc. said it named Tom Linebarger to replace Joe Loughrey as the company’s president and chief operating officer, effective Aug. 1.

Linebarger, 45, currently serves as president of Cummins Power Generation and has been an executive vice president with the company since 2005. He was formerly Cummins’ chief financial officer.

“Tom's strong financial background, general management skills, understanding of Cummins’ business operations and his commitment to the needs of Cummins' customers and other stakeholders make him an outstanding choice for President and COO,” said Tim Solso, Cummins’ chairman and chief executive officer.

Effective Aug. 1, Loughrey will become vice chairman and remain a member of Cummins’ board, the company said in a separate statement.

Loughrey, 58, has been president and COO of Cummins since May 2005. He will have been with the company 35 years as of next March, at which time he plans to retire.