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Peter Schutz
Born in Berlin, Germany in 1930, Peter moved to Chicago when he was 11 years old. Several years later, Peter attended the Illinois Institute of Technology. Caterpillar Tractor in Peoria, Illinois was his workplace for 15 years, serving in various engineering positions. Peter also ran a flying school and taught engineering at Bradley University in Peoria. He then spent 11 years at Cummins Engine Company, Inc: 3 years in corporate strategic planning and 8 years as Vice President responsible for sales and services of truck engines in the United States and Canada . 1978 brought a move to Cologne, Germany where Peter assumed responsibility for the Deutz Engine Division of Kloeckner-Humboldt-Deutz, AG. This included engineering, manufacturing, and world-wide sales and service. Revenues grew to exceed DM 1 billion per year. While in Germany, he accepted the job as CEO of Porsche AG, based in Stuttgart. Porsche was in the midst of its first money-losing year in 1980. During the Schutz tenure, Porsche worldwide sales grew from 28,000 units in 1980/81 to a peak of 53,000 units in 1986. Revenues went from DM 850 million to over DM 3.7 billion. Peter received the "Outstanding Achievement Award" from his Alma Mater, the Illinois Institute of Technology in 1983, and was honored with the "Henry Heald Award" in 1987. This award is given to honor those who have exemplified exceptional ethics and business practices in their field. Other recipients of this award include: Mees van der Rohe, Edward Teller, Ted Turner, Bill Hewlitt, Buckminster Fuller and Jonas Salk. His appearances include association conventions and conferences as well as in-company consulting and seminars. He speaks at a variety of meetings including sales, strategic planning and team-building as well. The Executive Committee, an organization of CEOs, named Peter "Resource of the Year" in 1985. (Peter has spoken to more than 400 TEC meetings world-wide.)
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