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Peter W. Schutz was born in Berlin, Germany on April 20, 1930. After leaving Germany in March of 1939, the Schutz family settled in Chicago, Illinois, after a two-year stay in Havana, Cuba. Peter Schutz grew up and received his formal education in Chicago, including a BS degree in Mechanical Engineering from the Illinois Institute of Technology.
Peter Schutz served as CEO of Porsche A.G., the automobile company, in Stuttgart, Germany, from January 1981 until January 1988. Porsche was mired in the midst of its first money-losing year in 1980. During Peter Schutz's tenure, Porsche worldwide sales grew from 28,000 units to over 53,000 units in 1986. Revenues grew from DM 850 million to DM 3.7 billion and profits after tax grew from DM 12 million to over DM 125 million.
Prior to his tenure at Porsche, Peter Schutz served 15 years at Caterpillar Tractor Co. in Peoria, Illinois in a variety of engineering tasks. Subsequently he spent 11 years at Cummins Engine Company in Columbus, Indiana, three years in corporate strategic planning and eight years as vice president responsible for sales and service of truck engines in the U.S. and Canada, with revenues of over $850 million.
In 1978 Mr. Peter Schutz assumed responsibility for the diesel and gas turbine operation of K16ekner-Humboldt-Deutz (KHD) in Cologne, Germany, where revenues grew to exceed DM 1 billion per year.
In 1987, Peter Schutz's alma mater, IIT, honored him with the Outstanding Achievement Award, and the Henry Townley Heald Award, awarded for business ethics that have impacted an industry. (Other recipients of the Heald Award include: Mees Van der Rohe, Edward Teller, Buckminster Fuller, Jonas Salk, Bob Hewlitt, Edward Teller, and Ted Turner.)
Peter W. Schutz and Sheila Harris-Schutz operate their own company, Harris & Schutz Inc. Peter Schutz has lectured on leadership and business management techniques in the U.S.A., Europe, Australia and Asia, including over 400 presentations to TEC (The Executive Committee, a worldwide organization of CEOs,) and to business conferences, and strategic planning and sales meetings for a number of corporations.
Peter Schutz is the author of a book, The Driving Force, published by Entrepreneur Press in 2003.
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