Incoming Cummins CEO: Indiana is our Home
As Columbus-based Cummins Inc. (NYSE: CMI) continues to grow internationally, the company’s incoming CEO is making it clear the engine maker’s roots are firmly in Indiana.
In an interview that will air this weekend on Inside INdiana Business Television, Tom Linebarger, who will become the sixth executive to lead the company since it was founded in 1919, says managing global growth will be a key challenge as Cummins moves forward and continued success in international markets will mean good things for Indiana.
Cummins currently has approximatley 6,000 employees in Indiana.
Linebarger, currently president and COO and a 17-year company veteran, will succeed Tim Solso as CEO January 1.
Solso’s retirement caps a 40-year career at Cummins, where he helped lead the company to record performance. Company sales grew from $6.6 billion in 2000 to $13.2 billion in 2010 – Cummins’ best year ever with a record profit of more than $1 billion.
The company’s market capitalization grew tenfold under Solso’s leadership.