She succeeds longtime chief Tom Linebarger as the largest maker of diesel engines for trucks and heavy-duty vehicles looks to become a major player in electric and hydrogen-fueled commercial vehicles.
Cummins Inc.
Rumsey, currently president and COO of the Columbus, Indiana-based manufacturer, begins her new job on August 1. She’ll be the first woman to lead Cummins since its founding in 1919 and just its seventh CEO in over a century. Linebarger, who’s led the company since 2012, will become executive chairman and also remain board chairman.
“This transition is not going to be easy. There’s still significant advancement in some of these technologies needed to be viable for our applications—the technologies that can get you all the way to zero,” Rumsey tells. For battery and hydrogen systems in particular, “a significant infrastructure build-out has to occur,” she said.An Indiana native, Rumsey has worked for Cummins since 2000, after spending a year as a group leader working on hydrogen fuel cells for Nuvera.
The company sells about a million engines annually, mostly diesel, that power trucks, boats, trains, mining equipment, military vehicles and generators. Cummins had net income of $2.1 billion last year on sales of $24 billion. Of that total, its New Power unit contributed justCummins is also completing aof automotive components maker Meritor announced early this year and there may be more deals to come, Rumsey said, without identifying potential targets.
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