Cummins Inc. (CMI)

223.75 -0.66 (-0.29%) At close: 04:00PM EST

Cummins Inc.

500 Jackson Street
Box 3005
Columbus, IN 47202-3005
United States
812 377 5000
https://www.cummins.com

Sector(s): Industrials
Industry: Specialty Industrial Machinery
Full-time employees: 73,600

Key executives

Name	Title	Pay	Exercised	Year born
Ms. Jennifer W. Rumsey	CEO & Chairman of the Board	2.65M	50.05k	1974
Mr. Livingston L. Satterthwaite	Senior VP & Interim Distribution Segment Leader	2.12M	2.45M	1961
Mr. Mark A. Smith	CFO & VP	2.02M	146.21k	1968
Ms. Sharon R. Barner	VP, Chief Administrative Officer & Corporate Secretary	2.52M	2.1M	1958
Mr. Jonathan Wood	Chief Technical Officer	N/A	N/A	N/A
Mr. Christopher C. Clulow	VP of Investor Relations	N/A	N/A	1972
Hon. Nicole Y. Lamb-Hale	VP, Chief Legal Officer & Corporate Secretary	N/A	N/A	1967
Ms. Schuyla Jeanniton	Executive Director of Ethics & Compliance and Chief of Staff	N/A	N/A	N/A
Mr. Marvin Boakye	VP & Chief Human Resources Officer	N/A	N/A	1974
Mr. Srikanth Padmanabhan	VP & President of Engine Business	1.85M	1.83M	1965

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, automated transmissions, electric power generation systems, and batteries. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.

Corporate governance

Cummins Inc.’s ISS governance QualityScore as of 28 November 2023 is 6. The pillar scores are Audit: 9; Board: 8; Shareholder rights: 2; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.