Cummins Management
Management criteria checks 1/4
Cummins' CEO is Jen Rumsey, appointed in Aug 2022, has a tenure of 1.75 years. total yearly compensation is $12.85M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth R$32.34M. The average tenure of the management team and the board of directors is 1.8 years and 7.9 years respectively.
Key information
Jen Rumsey
Chief executive officer
US$12.8m
Total compensation
| CEO salary percentage | 11.7% |
| CEO tenure | 1.8yrs |
| CEO ownership | 0.02% |
| Management average tenure | 1.8yrs |
| Board average tenure | 7.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$13m | US$2m | US$735m |
| Sep 30 2023 | n/a | n/a | US$3b |
| Jun 30 2023 | n/a | n/a | US$3b |
| Mar 31 2023 | n/a | n/a | US$3b |
| Dec 31 2022 | US$7m | US$1m | US$2b |
| Sep 30 2022 | n/a | n/a | US$2b |
| Jun 30 2022 | n/a | n/a | US$2b |
| Mar 31 2022 | n/a | n/a | US$2b |
| Dec 31 2021 | US$4m | US$717k | US$2b |
Compensation vs Market: Jen's total compensation ($USD12.85M) is above average for companies of similar size in the BR market ($USD5.86M).
Compensation vs Earnings: Jen's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Jen Rumsey (49 yo)
1.8yrs
Tenure
US$12,846,068
Compensation
Ms. Jennifer W. Rumsey, also known as Jen, has been the Director since February 2022 and serves as its Chief Executive Officer at Cummins Inc. since August 1, 2022. She is the Chairman of the Board at Cumm...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 1.8yrs | US$12.85m | 0.016% $ 32.3m | |
| Senior Vice President | 3.2yrs | US$4.76m | 0.058% $ 117.1m | |
| CFO & VP | 5.2yrs | US$6.61m | 0.016% $ 32.5m | |
| VP & Chief Administrative Officer | 3.3yrs | US$4.10m | 0.015% $ 30.6m | |
| VP & Chief Human Resources Officer | 1.5yrs | US$3.78m | no data | |
| VP, Executive VP & President of Operations | less than a year | US$5.09m | 0.021% $ 41.1m | |
| Chief Technical Officer | 1.1yrs | no data | 0.0019% $ 3.8m | |
| VP of Investor Relations | no data | no data | no data | |
| VP, Chief Legal Officer & Corporate Secretary | 3yrs | no data | 0.0033% $ 6.5m | |
| Executive Director of Ethics & Compliance and Chief of Staff | 2.3yrs | no data | no data | |
| VP & President of Power Systems | 1.8yrs | no data | 0.0030% $ 6.0m | |
| President of Engine Business | less than a year | no data | 0.0021% $ 4.2m |
1.8yrs
Average Tenure
55yo
Average Age
Experienced Management: C1MI34's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 2.3yrs | US$12.85m | 0.016% $ 32.3m | |
| Senior Vice President | 3.2yrs | US$4.76m | 0.058% $ 117.1m | |
| Lead Independent Director | 9yrs | US$364.87k | 0.0076% $ 15.3m | |
| Independent Director | 35.3yrs | US$365.57k | 0.041% $ 82.9m | |
| Independent Director | 13.6yrs | US$329.12k | 0.0037% $ 7.5m | |
| Independent Director | 3.6yrs | US$364.12k | 0.0031% $ 6.1m | |
| Independent Director | 3yrs | US$335.71k | 0.0016% $ 3.3m | |
| Independent Director | 15.6yrs | US$347.08k | 0.013% $ 26.1m | |
| Independent Director | 6.8yrs | US$344.00k | 0.0039% $ 7.8m | |
| Independent Director | 9yrs | US$314.87k | 0.0065% $ 12.9m | |
| Independent Director | 1.8yrs | US$379.87k | 0.0012% $ 2.4m | |
| Independent Director | 19.8yrs | US$345.78k | 0.017% $ 33.9m |
7.9yrs
Average Tenure
66yo
Average Age
Experienced Board: C1MI34's board of directors are considered experienced (7.9 years average tenure).