Local leaders, analysts ‘excited’ about new Cummins CEO

Area business enterprise leaders and analysts were being psyched about Cummins’ final decision to name Jennifer Rumsey as its future chief govt officer, contacting the transfer “historic.”

The Columbus-based enterprise introduced Thursday that Rumsey, 48, who has been serving as Cummins president and main operations officer, would get above as CEO subsequent thirty day period, turning out to be the 1st lady to maintain the situation in the company’s 103-year history.

Present Chairman and CEO Tom Linebarger, 59, will continue to provide as chairman of the board and government chairman, performing with Rumsey on “specific initiatives that placement the organization for ongoing results.”

Area small business leaders known as the transfer “really great” and reported Rumsey is “perfectly positioned” to lead the city’s major employer by means of a transition to cleaner power.

“It’s an remarkable day, an enjoyable day for Cummins and an fascinating day for Columbus,” claimed Jason Hester, president of the Higher Columbus (Indiana) Economic Progress Corp. “Given the fact that she has Columbus roots, I believe the local community can be really delighted about that, and that she and the family are right here in Columbus. …But I assume just from a company facet of it, the business facet of it, she’s just quite nicely revered, revered for her technological abilities, as very well as her principled, men and women-targeted management.”

“It looks like a really wonderful decision by the enterprise, and I imagine that the community must be quite, incredibly pleased,” Hester stated.

Cindy Frey, president of the Columbus Area Chamber of Commerce, mentioned her business has been subsequent Rumsey’s job for a though.

Rumsey was one of the honorees at the Columbus Place Chamber of Commerce Women of all ages in Leadership function in 2017, Frey mentioned. At the time, Rumsey was Cummins vice president and main technical officer.

“She grew up in Columbus, attended our neighborhood colleges, acquired degrees at excellent universities and has ascended to the major occupation at one particular of the world’s most nicely-highly regarded providers,” Frey said. “With her strong specialized history, she is properly positioned to enable Cummins leverage technological innovation as it meets new worries experiencing the mobility sector, these types of as automation and electrification.”

Roger Lee, senior exploration analyst with Columbus-dependent Kirr, Marbach and Co., said Rumsey is “definitely qualified” to provide as CEO and “definitely a person that you can be expecting to produce.”

Supplied her age, Lee mentioned, Rumsey has time to provide her vision for the organization to fruition.

“She has a prolonged runway to definitely see it by means of, and she could be the individual that will take Cummins into the next generation of power,” Lee claimed. “Her tenure can go deep into the upcoming era of clean up air.”

“I assume the key is that she will come from the extra ahead-wondering side of the business, but she’s however really in tune with the legacy organization,” Lee included. “…She’s definitely another person that understands both of those sides of it, each the legacy and the core business, as effectively as what it takes to be aggressive on the alternate-strength facet.”

Lee also said it was “tremendous” for Linebarger to stay on as chairman of the board and executive chairman, including that it is valuable to have continuity through a changeover in management.

“Especially in a enterprise as complex as Cummins, you often want to have continuity,” Lee reported. “I really don’t imagine any individual uncertainties that Linebarger is aware of how to take care of the enterprise in the up marketplaces and the down markets. So, with him keeping on the board, I feel he understands what is in the finest curiosity of all stakeholders and has confirmed that. Owning his oversight, possessing his knowledge adhere with the corporation, I think that is great.”

Maria Flores

Next Post

Biden's Plan to Prevent Spiraling Interest on Student-Loan Debt

Fri Jul 15 , 2022
The Education and learning Division unveiled a list of proposals to reform the university student-bank loan business. Preventing desire capitalization, which grows on a borrower’s principal balance, is a single of them. The target is to get rid of capitalization that is just not required beneath the Greater Instruction Act. […]
Biden’s Plan to Prevent Spiraling Interest on Student-Loan Debt

You May Like