Jennifer Rumsey Appointed CEO of Cummins Inc.
Ticker: CMI · Form: 8-K · Filed: 2024-05-30T00:00:00.000Z
Sentiment: neutral
Topics: leadership-change, executive-appointment, board-of-directors
Related Tickers: CMI
TL;DR
Cummins just named Jennifer Rumsey CEO, effective immediately. Big move for the engine giant.
AI Summary
Cummins Inc. announced on May 30, 2024, the appointment of Jennifer Rumsey as its new President and Chief Executive Officer, effective immediately. She previously held the role of President and Chief Operating Officer. The company also reported that the Board of Directors has elected Ms. Rumsey to the Board. This leadership transition is a key event for the engine and power solutions provider.
Why It Matters
This leadership change at a major industrial company like Cummins could signal shifts in strategic direction, operational focus, and future growth initiatives.
Risk Assessment
Risk Level: low — The filing reports a routine leadership change and appointment to the board, which is a standard corporate event.
Key Players & Entities
- Cummins Inc. (company) — Registrant
- Jennifer Rumsey (person) — Appointed President and CEO
- May 30, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new President and Chief Executive Officer of Cummins Inc.?
Jennifer Rumsey has been appointed as the new President and Chief Executive Officer of Cummins Inc., effective May 30, 2024.
What was Jennifer Rumsey's previous role at Cummins Inc.?
Prior to her appointment as CEO, Jennifer Rumsey served as the President and Chief Operating Officer of Cummins Inc.
Has Jennifer Rumsey also been appointed to the Board of Directors?
Yes, the filing states that the Board of Directors has elected Ms. Rumsey to the Board.
On what date was this leadership change reported?
This leadership change was reported on May 30, 2024.
What is the principal executive office of Cummins Inc.?
The principal executive office of Cummins Inc. is located at 500 Jackson Street, P. O. Box 3005, Columbus, Indiana 47202-3005.
Filing Stats: 439 words · 2 min read · ~1 pages · Grade level 10.3 · Accepted 2024-05-30 16:06:25
Key Financial Figures
- $2.50 — nge on which registered Common stock, $2.50 par value CMI New York Stock Exchan
Filing Documents
- tm2416001d1_8k.htm (8-K) — 24KB
- tm2416001d1_ex99.htm (EX-99) — 13KB
- tm2416001d1_8kimg01.jpg (GRAPHIC) — 3KB
- tm2416001d1d1_ex99img001.jpg (GRAPHIC) — 28KB
- 0001104659-24-066634.txt ( ) — 257KB
- cmi-20240530.xsd (EX-101.SCH) — 3KB
- cmi-20240530_lab.xml (EX-101.LAB) — 33KB
- cmi-20240530_pre.xml (EX-101.PRE) — 22KB
- tm2416001d1_8k_htm.xml (XML) — 4KB
02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers . On May 30, 2024, Cummins Inc. (the "Company") issued a press release announcing that Tony Satterthwaite, the Company's Senior Vice President, will retire from the Company, effective September 15, 2024.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits . (d) Exhibits. The exhibits listed in the Exhibit Index below are included herewith. Exhibit Index Exhibit Number Description 99 Press Release dated May 30, 2024. 104 Cover Page Interactive Data File (the cover page Interactive Data File is embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 30, 2024 CUMMINS INC. /s/ Nicole Y. Lamb-Hale Nicole Y. Lamb-Hale Vice President, Chief Legal Officer & Corporate Secretary