Cummins announces Mary Chandler retiring after serving Cummins and its global communities since 2011 - Seite 2

Schacht will succeed Chandler as Vice President – Corporate Responsibility and Community Relations and CEO of the Cummins Foundation on April 1

“We are delighted that Jim Schacht will lead our community relations,” added Rumsey. “Jim brings both business and functional experience to this role, having led our Cummins Business Services and our Marine Oil & Gas Market Segments in our Power Systems Business. We are confident he is the right person to continue increasing our impact on communities around the world.”

For the past three years, Schacht has served on Chandler’s leadership team as Executive Director of North America Corporate Responsibility. During Schacht’s time on the Corporate Responsibility leadership team, he led efforts to determine how Cummins can make the most impact in the company’s environment focus area and fulfill the community commitments of Cummins’ PLANET 2050 strategy to tackle climate change. His work and findings resulted in the creation of Cummins Water Works. Through strategic partnerships and investments with organizations including The Nature Conservancy, Water.org, and Hennops Revival, the initiative has already helped more than half a million people and supported crucial infrastructure improvement projects around the world. In his role, Schacht also helped Cummins pivot volunteering to remote opportunities during COVID-19 and spearheaded the company’s successful United Way campaign in North America.

Prior to joining Cummins’ Corporate Responsibility team, Schacht served on the company’s Power Systems Leadership Team, heading up the global Marine and Oil & Gas Market Segments. During his time in Power Systems, Schacht and his team led the introduction of EPA Tier IV and International Maritime Organization (IMO) Tier III compliant Marine market power solutions, brought to market the first-ever QSK95-powered Marine power solutions, increased Cummins’ Oil & Gas market share significantly in the North American hydraulic fracturing sector, and grew Cummins Oil & Gas market share in China.

Schacht held positions in the telecommunications and investment banking industries before coming to Cummins. He holds a B.A. in Philosophy from Trinity College (Hartford, CT) and an M.B.A. from Harvard University. Schacht grew up in Cummins’ headquarters community of Columbus, Indiana, (U.S.) and his life story and values are intertwined in many ways with Cummins.