Jennifer Rumsey elected Chair of Cummins Board of Directors
Jennifer Rumsey has been elected Chair of Cummins Board of Directors, effective August 1, 2023. She succeeds Tom Linebarger, who is retiring from both of his Cummins positions as Executive Chairman and Chairman of the Board, effective July 31, 2023. Jennifer Rumsey, already President and Chief Executive Officer, has been appointed unanimously by the Board of Directors. […]
Jennifer Rumsey has been elected Chair of Cummins Board of Directors, effective August 1, 2023. She succeeds Tom Linebarger, who is retiring from both of his Cummins positions as Executive Chairman and Chairman of the Board, effective July 31, 2023. Jennifer Rumsey, already President and Chief Executive Officer, has been appointed unanimously by the Board of Directors.
Jennifer Rumsey elected Chair of Cummins Board of Directors
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 Chief Technical Officer, President of the Components business and Chief Operating Officer. The combined roles of Chair and CEO will position Rumsey to continue leading the company into the future, leveraging her technical expertise, deep understanding of Cummins’ business and powering customers’ success throughout the energy transition.
Linebarger served as Cummins’ Chairman and CEO from 2012 to 2022 and as Executive Chairman of the company for the past year. During his 10-year tenure, the company grew its revenue from $17.3 billion to a record $28.1 billion last year. Linebarger spearheaded the evolution of the company to ensure its continued industry leadership, including the formation of Accelera by Cummins, the company’s zero-emissions solutions business segment, and the broadening of its product portfolio through notable mergers and acquisitions including the largest-ever in the Cummins’ history with the acquisition of Meritor (the latter has acquired Siemens Commercial Vehicles).
Jennifer Rumsey succeeds Tom Linebarger
“Jennifer’s appointment as Chair comes at a pivotal time for Cummins and the entire industry,” said Linebarger. “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. I am delighted to pass this role to Jennifer and firmly believe that she is the ideal leader to guide Cummins at this important time.”
“I am deeply humbled to assume the role of Chair,” said 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.”
“On behalf of the Cummins Board of Directors, I want to express our deep gratitude to Tom for his leadership of Cummins over the past three decades,” said Tom Lynch, Lead Director, Cummins Board. “His commitment to Cummins led to tremendous growth and returns for the company. Equally, I am thrilled to have Jennifer join as Chair of the Cummins Board of Directors. She has demonstrated the leadership needed for Cummins’ continued growth and success. In her first year, she delivered record revenues and moved us forward on critical initiatives. Jennifer has the deep technical understanding needed to lead us successfully through the decarbonization journey and a clear ability to lead and develop people. We are all confident that Jennifer will help Cummins continue to flourish.”
