Jennifer Rumsey Promoted to President and CEO of Cummins

Cummins Inc announces that, effective August 1, 2022, Tom Linebarger will end his term as the company's CEO and Jennifer Rumsey, president and Chief Operating Officer (COO), will assume the role.

Rumsey, in addition to being the seventh CEO, will be the first woman to lead the company since it was founded in 1919. Linebarger will continue to serve as chairman of the Board of Directors and as Executive Chairman, working directly with Rumsey on specific initiatives that position the company for continued success, including the completion of the Meritor acquisition.

“Jen is a unique talent and the right leader for Cummins at this important time in our history,” said Linebarger.

“She has been my partner in developing the Destination Zero strategy, which sets out how decarbonizing our industry will be a significant growth opportunity for Cummins. As an engineer and having accumulated experience in the field of technology, I have ensured that she has a deep understanding of the main technical changes that are taking place in our industry and I am sure that she will know how to capitalize on them. Jen deeply understands our business and our customers, having worked across multiple areas of the company and delivered consistent results in her more than 20 years at Cummins. Most recently, she led our global operations as COO during one of the most challenging periods in our history, generating record revenues and dramatically improving product quality and our market position while dealing with unprecedented supply chain constraints. supplies. Most importantly, Jen is a principled leader who cares deeply about our stakeholders. We share a common vision for Cummins and I am confident that Jen will lead the company into an even more prosperous future.”

Tom Lynch, Cummins CEO, said: “On behalf of the Cummins Board, I want to thank Tom for his three decades with the company, including the last 15 years in which he served first in the role of COO and then as CEO. His leadership has grown Cummins' global business, positioned the company to lead in zero- and low-carbon solutions, and developed a highly capable and diverse management team to lead us through the technology transition. We look forward to his continued contributions as Executive Chairman. During our long-term strategic planning, the Board had the opportunity to see Jen lead key business initiatives and co-author the Destination Zero strategy with Tom. Jen is the ideal choice to lead Cummins into its next chapter, and we are confident that Jen will drive the continued success of our business and customers.”

Since assuming the role of COO in March 2021, Rumsey has overseen Cummins' global operations. In February 2022, she was elected to the Cummins Board of Directors and will retain her seat on the board.

“I am honored and proud to be named the next CEO of Cummins and excited about what the future holds for the company,” said Rumsey. “Growing up in Columbus, Indiana, where Cummins was founded, and spending most of my career here makes this announcement incredibly meaningful. I am grateful to Tom for his support and guidance over the years and to the Board for their confidence in my leadership. My technical background, business experience and focus on people, purpose and impact have prepared me for this moment. At Cummins, we build solutions that meet our customers' needs and improve our planet now and in the future. At a time when technology is evolving faster than at any other time in our history, we must emphasize the critical role that people play in our collective success. By putting people at the center of everything we do, we will drive the path to decarbonization and advance our mission to power a more prosperous world.

Rumsey began his career at Cummins working in Research and Technology, focused on reducing pollutants from diesel engines. Since then, she has held a number of roles of increasing responsibility and impact, including bringing new platforms and technologies to market, driving improvements in product quality, and building the capacity of global teams. She is also deeply involved with some of the company's most important original equipment manufacturer (OEM) partners. Leadership roles Rumsey has held include President of Components, where she oversaw a global portfolio of business units that delivered profitable growth by ensuring energy solutions met performance and emissions targets, and Chief Technical Officer, where she led strategic investments in technologies and key applications to transition to low-carbon products, laying the foundation for the company's New Energy Business and Destination to Zero strategy. Before Cummins, Rumsey worked for a fuel cell technology company.

Rumsey is a member of the Society of Women Engineers, Society of Automotive Engineers, Purdue Engineering Advisory Council and Women in Trucking Association. She holds a bachelor's degree in Mechanical Engineering from Purdue University and a master's degree in Mechanical Engineering from the Massachusetts Institute of Technology. Throughout her career, she has been an advocate for diversity, equity and inclusion and women in STEM fields. She lives in Columbus with her husband and has two college-aged daughters, both studying engineering.