Cummins Inc. Announces Executive Changes, Effective on October 15, 2019
August 21, 2019 at 09:00 am EDT
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Cummins Inc. announced that President and COO, Rich Freeland will retire after forty years of service with Cummins. As part of Cummins’ successions plans, the following leadership appointments are also taking place, all of which are effective October 15, 2019. Distribution President Tony Satterthwaite will succeed Freeland as President and COO. Components President Tracy Embree will succeed Satterthwaite as Distribution Business President. Chief Technical Officer Jennifer Rumsey will succeed Embree as Components Business President. Jim Fier will succeed Rumsey as Chief Technical Officer. Freeland joined Cummins in 1979 as a second shift foreman in the Parts Distribution Center in Columbus, Indiana, the day after his graduation from Purdue University. Freeland spent his entire 40-year career with Cummins. Over his career, Freeland successfully led three of Cummins’ five business segments and he was responsible for all of Cummins’ global operations as Chief Operating Officer, a position he has held since 2014. Freeland will also resign from the Board of Directors of the company, effective October 15, 2019. Tony Satterthwaite, currently the Distribution Business President that employs approximately 16,000 people worldwide, will succeed Freeland as President and Chief Operating Officer of Cummins. Satterthwaite joined Cummins in 1988 and has held leadership positions throughout the company’s businesses and operations. Prior to his current position, Satterthwaite led Cummins Power Generation from 2008 to 2015. Tracy Embree will succeed Sattherthwaite as Distribution Business President. Embree has led the Components Business for five years, bringing the business to record sales and profitability. Under her leadership, the component product lines expanded to include transmissions. In addition, Cummins has grown market share around the world. Embree has held many leadership roles in different areas of the business, including several critical customer-facing roles. Jennifer Rumsey will succeed Embree as Components Business President. Rumsey has served in technical leadership roles since she joined Cummins in 2000 and currently serves as Chief Technical Officer. Rumsey has held roles in engineering leadership, new product program leadership, controls, aftertreatment technology, advanced engineering, and quality. Rumsey has been involved in some of the most important products and technologies that the company has developed over the last 19 years. Jim Fier will succeed Rumsey as Chief Technical Officer. Fier has been with Cummins for more than 30 years and is a highly accomplished engineering leader. In engine development, Fier is recognized as one of the most technically skilled and experienced engineers in the industry.
Cummins Inc. specializes in designing, manufacturing, and selling diesel and gas motors and generators. Net sales break down by activity as follows:
- production of components (33.8%): filtration and exhaust equipment, turbochargers, alternators, cylinder heads, water pumps, injection systems, starters, etc.;
- manufacturing of diesel and gas motors (26.1%): for heavy equipment, trucks, light utility vehicles, industrial construction equipment, mine equipment, and agricultural and marine use;
- manufacturing of generators (9.2%);
- other (1%).
The remaining sales (29.9%) are from distribution to end users.
Net sales are distributed geographically as follows: the United States (56.7%), China (9.1%), India (4.9%) and other (29.3%).