– USA, IN – Cummins Inc. (NYSE: CMI) today announced the election of its President and CEO Jennifer Rumsey to Chair of the Board of Directors, effective August 1, 2023, to succeed Tom Linebarger who is retiring as Executive Chairman and from the Board, effective July 31, 2023.
“Jennifer’s appointment as Chair comes at a pivotal time for Cummins and the entire industry. Her strategic vision for Cummins, centered on delivering solutions that meet our customers’ needs while reducing our impact on the environment, will help lead our company in the transition to a decarbonized future. On a personal note, I am filled with immense pride and gratitude for the privilege of being part of this remarkable company for the past 30 years,” said Executive Chairman, Tom Linebarger.
About Jennifer Rumsey
Jennifer Rumsey was first appointed to the Cummins Board of Directors in February 2022 and has served as President and CEO of the company since August 2022. She has held numerous pivotal roles within the company during her more than two decades with Cummins, including CTO, President of the Components business, and COO. The combined roles of Chair and CEO will position Jennifer Rumsey to continue leading the company into the future, leveraging her technical expertise, and deep understanding of Cummins’ business, and powering customers’ success throughout the energy transition.
“I am deeply humbled to assume the role of Chair,” said Jennifer Rumsey. “I would like to extend my sincere gratitude to Tom who has been an extraordinary leader for this company and an invaluable colleague and mentor to me. His leadership of this company has shaped my journey and approach to leadership at Cummins and helped position us for a bright future. As we look ahead, we will continue to create innovative solutions that effectively address our customers’ needs while making a positive impact on the communities we serve. When I became CEO one year ago, I said that we would continue to put people at the center of everything we do, and I am proud to say that our dedicated employees continue to work tirelessly to ensure we remain on course for our ambitious goals as a company. At the top of that list is our commitment to Destination Zero, our strategy to achieve a zero-emissions future, power our customers’ success, grow our business, and deliver strong returns to our investors.”
A co-architect of Destination Zero, Jennifer Rumsey has significantly advanced the company’s decarbonization strategy in her first year as CEO while garnering three consecutive quarterly revenue records in late 2022 and early 2023. During this time, Cummins has continued to grow its core business with the acquisition of Meritor, accelerating the development of economically viable decarbonized powertrain solutions including the industry’s first fuel-agnostic powertrain platform, enhancing the sales and service network, and expanding customer relationships.
Jennifer Rumsey is a Columbus, Indiana, native and member of the Society of Women Engineers, Society of Automotive Engineers, and Women in Trucking Association. She holds a Bachelor of Science in Mechanical Engineering from Purdue University and a Master of Science in Mechanical Engineering from Massachusetts Institute of Technology. Throughout her career, she has been an advocate for diversity, equity, and inclusion and women in STEM fields. She resides in Columbus with her husband and has two college-age daughters.
About Cummins Inc.
Cummins Inc., a global power leader, comprises complementary business segments that design, manufacture, distribute, and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, after-treatment, turbochargers, fuel systems, control systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, electric powertrains, hydrogen production, and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 73,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment, and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and thousands of dealer locations worldwide and earned about $2.2 billion on sales of $28.1 billion in 2022.
Source: https://www.cummins.com/
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