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Peter Schultz

Born in Berlin, Germany in 1930, Peter Schultz moved to Chicago when he was eleven years old. Several years later, Schultz attended the Illinois Institute of Technology and then worked in various engineering positions at Caterpillar Tractor in Peoria, Illinois for fifteen years. Schultz also ran a flying school and taught engineering at Bradley University in Peoria. He then spent eleven years at Cummins Engine Company, Inc in corporate strategic planning and then as Vice President, responsible for sales and services of truck engines in the United States and in Canada. Then, in 1978, Schultz moved to Cologne, Germany, where he assumed responsibility for the Deutz Engine Division of Kloeckner-Humboldt-Deutz AG, including responsibility for engineering, manufacturing, and world-wide sales and services. While in Germany, he accepted the job as CEO of Porsche AG, based in Stuttgart. 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. Schultz was honored with the “Henry Heald Award” in 1987, which is an award honoring those who have exemplified exceptional ethics and business practices in their field. His appearances include association conventions and... Next

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