Today, Cummins announced several changes to the Cummins
Leadership Team. These appointments are effective Jan. 1, 2024.
“Destination Zero is Cummins' strategy for decarbonization of
our products and is a growth opportunity for us. With our broad
portfolio of innovative products, strong partnership with and
understanding of our customers and their applications, unrivaled
global scale and footprint, and talented people, Cummins is best
positioned to win and lead through the energy transition," said
Jennifer Rumsey, Chair and CEO, Cummins Inc. "We have strong and
capable leaders who are driving this work for Cummins, and I am
proud to announce several promotions on my leadership team to
continue capturing the opportunities ahead of us and successfully
navigate our exciting and changing future."
Srikanth Padmanabhan - Executive Vice President and
President, Operations
Srikanth Padmanabhan – currently Vice President and President,
Engine Business – will take on the newly created role of Executive
Vice President and President, Operations. In this role, Padmanabhan
will lead important work that will define and drive improvements in
how we operate as a company through the energy transition, while
leading critical areas of our business operations and regions, as
well as ensuring the success of our operational priorities. All
Cummins Business Segments will continue reporting to Rumsey in this
new structure.
Throughout his more than 30 years at Cummins, Padmanabhan has
consistently pushed the boundaries of customer-focused innovation
to position Cummins as the leading powertrain supplier of choice in
the transition to a net zero future. Srikanth is passionate about
the intersection of markets and products, innovation, and quality,
while being a champion of diversity and local community engagement.
His career has taken him around the globe, living and working in
India, the United States, Mexico and the United Kingdom while
holding Engine Business leadership roles in the heavy-duty,
midrange and light-duty markets, Cummins Emissions Solutions,
Cummins Generator Technologies, Cummins Filtration and Cummins Fuel
Systems.
“Srikanth’s extensive business and operations leadership
experience, paired with this results-oriented and employee
engagement mindset, make him the perfect choice to help lead this
important work for the next phase of Cummins,” said Rumsey.
Brett Merritt – Vice President and President, Engine
Business
Brett Merritt – currently Vice President of On-Highway Engine
Business and Strategic Customer Relations – will assume the role of
Vice President and President – Engine Business, succeeding
Padmanabhan when he takes his new role. Merritt has spent more than
25 years in the automotive and commercial vehicle industry and more
than 14 at Cummins – the past 11 spent leading and growing the
On-highway business from 800,000 engines in 2012 to 1.2 million
last year.
Merritt joined Cummins in 2009 as on-highway sales director for
Cummins Emissions Solutions and later as general manager of CES
North America. He joined the Engine Business in the global medium
duty on-highway business in 2012 and soon after transitioned to
overseeing the entire on-highway business.
"Brett is an experienced business leader and trusted advisor and
partner to many of our key customers, which is why I asked him to
take on an expanded role earlier this year overseeing strategic
customer relations across the company," said Rumsey. "I am excited
for Brett to assume leadership of this segment."
Bonnie Fetch - Vice President and President, Distribution
Segment
Bonnie Fetch – currently Vice President of Global Supply Chain –
will assume the role of Vice President and President – Distribution
Business, succeeding Tony Satterthwaite, who has been serving as
the Distribution Leader since September. Fetch, who previously led
supply chain for DBU, has led the Cummins global supply chain and
manufacturing organization, including Cummins’ New and Recon Parts
business, since early 2022, where she led her team in navigating
the many complex supply chain challenges as well as improving
operational and functional performance.
Fetch joined Cummins in 2018 and has consistently taken on
additional responsibilities across Supply Chain. Prior to Cummins,
Fetch spent 20 years at Caterpillar, where she held a broad range
of leadership roles in general management, supply chain and human
resources, including leading Caterpillar’s global aftermarket parts
distribution organization where she enabled new capabilities,
improved cost structure and reached record sales.
"Bonnie's more-than-30 years of supply chain, business and HR
leadership make her uniquely qualified for this role, and I’m
thrilled for her to leverage her existing DBU and aftermarket
expertise to run this segment," said Rumsey.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of
complementary business segments that design, manufacture,
distribute and service a broad portfolio of power solutions. The
company’s products range from diesel, natural gas, electric and
hybrid powertrains and powertrain-related components including
filtration, aftertreatment, turbochargers, fuel systems, controls
systems, air handling systems, automated transmissions, axles,
drivelines, brakes, suspension systems, electric power generation
systems, batteries, electrified power systems, electric
powertrains, hydrogen production and fuel cell products.
Headquartered in Columbus, Indiana (U.S.), since its founding in
1919, Cummins employs approximately 73,600 people committed to
powering a more prosperous world through three global corporate
responsibility priorities critical to healthy communities:
education, environment and equality of opportunity. Cummins serves
its customers online, through a network of company-owned and
independent distributor locations, and through thousands of dealer
locations worldwide and earned about $2.2 billion on sales of $28.1
billion in 2022. See how Cummins is powering a world that's always
on by accessing news releases and more information at
www.cummins.com.
Forward-looking disclosure statement
Information provided in this release that is not purely
historical are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements regarding our forecasts, guidance, preliminary results,
expectations, hopes, beliefs and intentions on strategies regarding
the future. These forward-looking statements include, without
limitation, statements relating to our plans and expectations for
our revenues and EBITDA. Our actual future results could differ
materially from those projected in such forward-looking statements
because of a number of factors, including, but not limited to: any
adverse results of our internal review into our emissions
certification process and compliance with emission standards;
increased scrutiny from regulatory agencies, as well as
unpredictability in the adoption, implementation and enforcement of
emission standards around the world; changes in international,
national and regional trade laws, regulations and policies; changes
in taxation; global legal and ethical compliance costs and risks;
evolving environmental and climate change legislation and
regulatory initiatives; future bans or limitations on the use of
diesel-powered products; failure to successfully integrate and / or
failure to fully realize all of the anticipated benefits of the
acquisition of Meritor, Inc.; raw material, transportation and
labor price fluctuations and supply shortages; any adverse effects
of the conflict between Russia and Ukraine and the global response
(including government bans or restrictions on doing business in
Russia); aligning our capacity and production with our demand; the
actions of, and income from, joint ventures and other investees
that we do not directly control; large truck manufacturers' and
original equipment manufacturers' customers discontinuing
outsourcing their engine supply needs or experiencing financial
distress, or change in control; product recalls; variability in
material and commodity costs; the development of new technologies
that reduce demand for our current products and services; lower
than expected acceptance of new or existing products or services;
product liability claims; our sales mix of products; uncertainties
and risks related to timing and potential value to both Atmus
Filtration Technologies Inc. (Atmus) and Cummins of the planned
separation of Atmus, including business, industry and market risks,
as well as the risks involving the anticipated favorable tax
treatment if there is a significant delay in the completion of the
envisioned separation; our plan to reposition our portfolio of
product offerings through exploration of strategic acquisitions and
divestitures and related uncertainties of entering such
transactions; increasing interest rates; challenging markets for
talent and ability to attract, develop and retain key personnel;
climate change, global warming, more stringent climate change
regulations, accords, mitigation efforts, greenhouse gas
regulations or other legislation designed to address climate
change; exposure to potential security breaches or other
disruptions to our information technology environment and data
security; political, economic and other risks from operations in
numerous countries including political, economic and social
uncertainty and the evolving globalization of our business;
competitor activity; increasing competition, including increased
global competition among our customers in emerging markets; failure
to meet environmental, social and governance (ESG) expectations or
standards, or achieve our ESG goals; labor relations or work
stoppages; foreign currency exchange rate changes; the performance
of our pension plan assets and volatility of discount rates; the
price and availability of energy; continued availability of
financing, financial instruments and financial resources in the
amounts, at the times and on the terms required to support our
future business; and other risks detailed from time to time in our
SEC filings, including particularly in the Risk Factors section of
our 2022 Annual Report on Form 10-K and Quarterly Reports on Form
10-Q. Shareholders, potential investors and other readers are urged
to consider these factors carefully in evaluating the
forward-looking statements and are cautioned not to place undue
reliance on such forward-looking statements. The forward-looking
statements made herein are made only as of the date of this press
release and we undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future events or otherwise. More detailed information about factors
that may affect our performance may be found in our filings with
the SEC, which are available at http://www.sec.gov or at
http://www.cummins.com in the Investor Relations section of our
website.
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version on businesswire.com: https://www.businesswire.com/news/home/20231102968072/en/
Jon Mills – Director, External Communications 317-658-4540
jon.mills@cummins.com
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