Posted 12 July, 2023
CUMMINS INC appointed new CEO
CEO Change detected for ticker NYSE:CMI in a 8-K filed on 12 July, 2023.
On July 12, 2023, Cummins Inc. (the "Company") announced that its Board of Directors (the "Board") elected Jennifer Rumsey, the Company's President and Chief Executive Officer, as Chairperson of the Board effective August 1, 2023, following current Executive Chairperson N. Thomas Linebarger's retirement from the Board on July 31, 2023.
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Overview of CUMMINS INC
Automotive • Motor Vehicle Parts
Cummins, Inc. engages in the design, manufacture, and distribution of diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, hydrogen production technologies, and fuel cell products. It operates through the following segments: Engine, Distribution, Components, Power Systems, and Accelera. The Engine segment manufactures and markets diesel and natural gas-powered engines under the Cummins brand name, for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets. The Distribution segment includes power generation systems, high-horsepower engines, heavy-duty and medium-duty engines designed for on- and off-highway use, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair service. The Components segment supplies products including axles, drivelines, brakes and suspension systems for commercial diesel and natural gas applications, aftertreatment systems, turbochargers, fuel systems, valvetrain technologies, filtration products, automated transmissions, and electronics. The Power Systems segment engages in power generation, industrial, and generator technologies. The Accelera segment designs, manufactures, sells, and supports hydrogen production technologies, as well as electrified power systems, including battery, fuel cell, and electric powertrain technologies. The company was founded by Clessie Lyle Cummins and William Glanton Irwin on February 3, 1919 and is headquartered in Columbus, IN.Market Cap
$38.3B
View Company Details
$38.3B
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 12, 2023, Cummins Inc. (the "Company") announced that its Board of Directors (the "Board") elected Jennifer Rumsey, the Company's President and Chief Executive Officer, as Chairperson of the Board effective August 1, 2023, following current Executive Chairperson N. Thomas Linebarger's retirement from the Board on July 31, 2023. Ms. Rumsey was appointed to the Board in February 2022 and appointed as the Company's President and Chief Executive Officer in August 2022. Current Executive Chairperson Mr. Linebarger was appointed Executive Chairperson in August 2022.
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