18.12.2007 20:55:00
|
Cummins Components Group President Rick Mills Announces Retirement Effective March 31, 2008
Rick Mills, President of the Components Group, will retire effective at
the end of March 2008 after more than 36 years with Cummins Inc. (NYSE:
CMI), the Company announced today.
Rich Freeland, President of the Distribution Business, will assume Mills’
role as leader of the Components Group, while Pamela Carter, President
of Cummins Filtration, a business within the Components Group, will
become head of the Distribution Business. Carter’s
successor will be named in the near future.
"Rick has been a mainstay of the Cummins
organization for more than three decades,”
said Tim Solso, Cummins Chairman and CEO. "We
have counted on him for much, and have particularly valued his
contributions in the area of leadership. It’s
tough to say good-bye to someone like Rick, who has been such an
important member of our management team.”
Mills, 60, served in a variety of financial roles before being named
Vice President and General Manager of Atlas Inc., a former Cummins
business that manufactured crankshafts, in 1988. He became President of
Atlas in 1990 and was in that role for three years. He served as Vice
President of the Pacific Rim and Latin America operations for Cummins
Filtration (formerly Fleetguard Inc.) before being named Corporate
Controller in 1996.
Mills was appointed head of the Filtration Business from 2000 to 2005,
when he was tapped to lead the Components Group, which includes Cummins
filtration, turbocharger, emission solutions and fuel systems businesses.
Freeland, 50, joined Cummins in 1979 and served in a number of plant and
parts distribution functions before being named manager of the Columbus
Engine Plant in 1996 – a role he held for
three years. He was named an officer in 1999, serving as Vice President,
Heavy Duty Operations and Fuel Systems. He became Vice President and
General Manager of Cummins Distribution and parts business in 2004, and
assumed the role of President of the Distribution Business in 2005.
"Rich has brought exceptional business and
leadership skills to Cummins, and we are pleased he will be taking on
this new and very important responsibility for us,”
said Cummins President Joe Loughrey.
Freeland will assume his new role effective Feb. 1.
Carter, 58, had a distinguished legal and political career, including a
term as Attorney General for the State of Indiana, before joining
Cummins in 1997. She was General Counsel from 1997 to 2000 and has held
leadership roles in the Cummins Filtration business for the last seven
years. She was named President of Cummins Filtration in 2005.
"We’re very
excited to have someone as experienced and talented as Pamela step into
the Distribution leadership role,” Loughrey
said. "Along with the Components Group,
Distribution is a critical part of our strategy going forward, and we
are counting on Pamela and Rich to make these two businesses even more
successful in the future.”
Carter will assume her new role effective Feb. 1.
About Cummins
Cummins Inc., a global power leader, is a corporation of complementary
business units that design, manufacture, distribute and service engines
and related technologies, including fuel systems, controls, air
handling, filtration, emission solutions and electrical power generation
systems. Headquartered in Columbus, Indiana, (USA) Cummins serves
customers in more than 160 countries through its network of 550
Company-owned and independent distributor facilities and more than 5,000
dealer locations. Cummins reported net income of $715 million on sales
of $11.4 billion in 2006. Press releases can be found on the Web at www.cummins.com.
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 the company’s
expectations, hopes, beliefs and intentions on strategies regarding the
future. It is important to note that the company’s
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, general economic, business and financing
conditions, labor relations, governmental action, competitor pricing
activity, expense volatility and other risks detailed from time to time
in Cummins Securities and Exchange Commission filings.
Der finanzen.at Ratgeber für Aktien!
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
JETZT DEVISEN-CFDS MIT BIS ZU HEBEL 30 HANDELN
Handeln Sie Devisen-CFDs mit kleinen Spreads. Mit nur 100 € können Sie mit der Wirkung von 3.000 Euro Kapital handeln.
82% der Kleinanlegerkonten verlieren Geld beim CFD-Handel mit diesem Anbieter. Sie sollten überlegen, ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren.
Nachrichten zu Cummins Inc.mehr Nachrichten
28.11.24 |
S&P 500-Wert Cummins-Aktie: So viel hätten Anleger an einem Cummins-Investment von vor 5 Jahren verdient (finanzen.at) | |
21.11.24 |
S&P 500-Titel Cummins-Aktie: So viel hätte eine Investition in Cummins von vor 3 Jahren abgeworfen (finanzen.at) | |
14.11.24 |
S&P 500-Titel Cummins-Aktie: So viel hätten Anleger an einem Cummins-Investment von vor einem Jahr verdient (finanzen.at) | |
07.11.24 |
S&P 500-Titel Cummins-Aktie: So viel Gewinn hätte ein Investment in Cummins von vor 10 Jahren eingebracht (finanzen.at) | |
05.11.24 |
Freundlicher Handel in New York: S&P 500 zum Handelsende im Aufwind (finanzen.at) | |
05.11.24 |
Pluszeichen in New York: S&P 500 präsentiert sich am Dienstagnachmittag fester (finanzen.at) | |
05.11.24 |
Gute Stimmung in New York: Börsianer lassen S&P 500 mittags steigen (finanzen.at) | |
05.11.24 |
Gute Stimmung in New York: S&P 500-Börsianer greifen zum Start zu (finanzen.at) |
Analysen zu Cummins Inc.mehr Analysen
Aktien in diesem Artikel
Cummins Inc. | 345,10 | 0,00% |
Indizes in diesem Artikel
S&P 500 | 6 032,38 | 0,56% |