CMI » Topics » Item 5.02 Departure of Directors or Principal Officers, Election of Directors, Appointment of Principal Officers

This excerpt taken from the CMI 8-K filed Mar 11, 2008.

     Item 5.02   Departure of Directors or Principal Officers, Election of Directors, Appointment of Principal Officers

The Company has appointed Pat Ward as Vice President and Chief Financial Officer effective May 1, 2008 replacing Jean Blackwell who will become Executive Vice President of Corporate Responsibility and Chief Executive Officer of the Cummins Foundation.  Ward, age 44, is currently Vice President and Engine Business Controller.  A copy of the Company's press release including previous positions and offices Mr. Ward has held with the Company is attached hereto.

Section 9 - Financial Statements and Exhibits

     Item 9.01 Financial Statements and Exhibits

     (d) Exhibits

99.1      Press release dated March 5, 2008

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange act of 1934 the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 11, 2008

Cummins Inc.

 

 

By: /s/ Marsha L. Hunt
______________________________

Marsha L. Hunt
Vice President - Corporate Controller
Principal Accounting Officer

 



Contact:
Mark Land - Director of Public Relations
(317) 610-2456
mark.d.land@cummins.com

For Immediate Release

March 5, 2008

Jean Blackwell appointed CEO of Cummins Foundation;
Pat Ward named Chief Financial Officer of Cummins

COLUMBUS, IND. -- Cummins Inc. (NYSE: CMI) today announced that Jean Blackwell, the Company's Chief Financial Officer, has been named Executive Vice President of Corporate Responsibility and Chief Executive Officer of the Cummins Foundation. Pat Ward, currently Vice President and Engine Business Controller, will become the Chief Financial Officer, effective May 1.

"In her new role, Jean will help us re-define Cummins' commitment to corporate responsibility, which is critical to our success in this period of significant growth both in the U. S. and around the world," said Tim Solso, Cummins Chairman and CEO. "Jean's new position also provides her with the opportunity to make a direct and significant impact on the communities where Cummins operates, which is very meaningful to her at this stage in her career and one of the primary reasons she joined Cummins 11 years ago."

Blackwell has been with the Company since 1997 and has served in various roles including General Counsel and Vice President - Human Resources. Prior to joining Cummins, she was a partner with the law firm of Bose McKinney & Evans in Indianapolis. She also previously served as Budget Director for the State of Indiana and Executive Director of the State Lottery Commission.

Ward has held a number of finance leadership positions in the Company over the last 20 years. He joined Cummins in 1987 as a member of the finance team for Cummins Generator Technologies and moved to the Fuel Systems operation as Controller in 1995. In 1996, he joined Corporate Finance as Director - Business Planning and Analysis. He became Director - Finance and Information Technology for Consolidated Diesel Company in 1998, and in 2000 was named Controller for Cummins Filtration, then known as Fleetguard. He became Power Generation Controller in 2003 and transferred to the Engine Business in 2005. He was named a Cummins Vice President in 2006.

"Both of these individuals are extremely talented and well qualified for their new positions," Solso said. "We are excited to have them in these critical roles."

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 $739 million on sales of $13.05 billion in 2007. 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.

 

This excerpt taken from the CMI 8-K filed Jul 14, 2005.

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

d)   Election of New Director

On July 11, 2005, the Board of Directors of Cummins Inc. (the "Company") elected Cummins President and Chief Operating Officer Joe Loughrey as a director of the Company to serve until the Company's next annual meeting of shareholders. 

The Company's press release is attached as Exhibit 99.1 and incorporated herein by reference.

Section 9 - Financial Statements and Exhibits

     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits

99.1   Press release dated July 12, 2005

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 14, 2005

Cummins Inc.

 

 

By: /s/ Marsha L. Hunt
______________________________

Marsha L. Hunt
Vice President - Corporate Controller
Principal Accounting Officer

 



July 12 - Cummins President, COO Joe Loughrey Elected to Company's Board of Directors




CCN Publish July 12, 2005

----------For Immediate Release----------

COLUMBUS, IND - Cummins President and Chief Operating Officer Joe Loughrey has been elected to the Cummins Board of Directors, the Company announced today. Loughrey becomes the ninth member of the Cummins board.

Loughrey, 55, was named to his current executive position in May after serving as Executive Vice President and President - Engine Business for more than five years. He joins Chairman and CEO Tim Solso as the only Cummins employees on the board.

"We are delighted to have Joe on the board," Solso said. "Joe's knowledge of Cummins and his commitment to excellence are second to none, and his presence on the board will be invaluable as we chart the Company's future course."

Cummins Directors are elected annually by shareholders, with the results announced at the Company's annual meeting each spring.

Loughrey joined Cummins in 1974 and has held a number of leadership roles in the Company during his tenure. Under Loughrey's leadership, the Engine Business recorded its highest level of sales and earnings, helping lead Cummins to record sales and net earnings in 2004.

Loughrey, a Holyoke, Mass., native and Columbus resident, graduated from the University of Notre Dame in 1971 with a bachelor's degree in economics and African studies. He is a member of the board of the Cummins Foundation, the National Association of Manufacturers, Tower Automotive Inc., Sauer-Danfoss Inc. and the Columbus Learning Center Management Corp. He also serves on the Advisory Council for the College of Arts & Letters at the University of Notre Dame

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. With more than 28,000 employees worldwide, Cummins reported sales of $8.4 billion in 2004. Press releases can be found on the Web at www.cummins.com.

This excerpt taken from the CMI 8-K filed May 4, 2005.

Item 5.02 Departure of Directors or Principal Officers; Election of Directors, Appointment of Principal Officers

(c) Effective May 2, 2005, F. Joseph Loughrey (55) was appointed President and Chief Operating Officer of the Company.  Mr. Loughrey has been an employee of the Company for 31 years, during which time he has held a number of leadership positions.  Since 1999, Mr. Loughrey had been Executive Vice President and President - Engine Business.  From 1996 to 1999, he was Executive Vice President and Group President - Industrial and Chief Technical Officer.    

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 4, 2005

Cummins Inc.

 

 

By:  /s/ Marsha L. Hunt
______________________________

Marsha L. Hunt
Vice President - Corporate Controller
Principle Accounting Officer

 

 

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