Sunday, 3 March 2024


Cummins appoints John H. Stone to its Board of Directors By

Summer Gasoline Demand in US Drops Below Pandemic Levels

© Reuters.

COLUMBUS, Ind. – Engine and power company Cummins Inc . (NYSE: NYSE:) announced today the appointment of John H. Stone as a member of its Board of Directors. Stone’s extensive experience in strategic growth and technology in the industry is expected to be a valuable asset to Cummins, particularly as the company navigates the ongoing energy transition.

John H. Stone currently holds the position of President and CEO at Allegion (NYSE:), a company specializing in security solutions. His role at Allegion involves overseeing the strategic direction and global operations, with a focus on core growth initiatives and enhancing shareholder value. Stone’s career prior to Allegion includes a significant tenure at Deere & Company (NYSE:), where he served as President of their Worldwide Construction, Forestry and Power Systems division, among other leadership roles.

Cummins Chair and CEO, Jennifer Rumsey, expressed her enthusiasm about Stone joining the board, saying, “John joins our board with deep expertise in our industry and leading strategic, technology-led growth and expansion initiatives, which will be an asset to us as we continue to execute our growth strategy and lead our industry through the energy transition.”

Cummins Inc., headquartered in Columbus, Indiana, operates as a global power leader with a diverse portfolio of power solutions. The company’s offerings include a wide range of powertrains and related components, with a focus on diesel, , electric, and hybrid technologies. Cummins, which celebrated its centenary in 2019, employs approximately 73,600 people worldwide and reported earnings of about $2.2 billion on sales of $28.1 billion in 2022.

The information in this article is based on a press release statement.

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