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Cummins Makes Rumsey CEO, Adding to Female Leaders in S&P 500

  • Executive is first female CEO, COO for the powertrain company
  • Departing boss Linebarger will remain executive board chairman
Jennifer Rumsey
Jennifer RumseySource: Business Wire

Jennifer Rumsey, the chief operating officer of Cummins Inc., was promoted to chief executive officer, becoming the first female leader of the 103-year-old engine maker.

Current CEO Tom Linebarger, 59, will step down from the role Aug. 1 and remain executive chairman, the Columbus, Indiana-based company said Thursday in a statement. Rumsey, 48, who was appointed as the company’s first female COO in March 2021, was named a director in February and will retain the board seat.