Cummins Management
Management criteria checks 2/4
Cummins' CEO is Jen Rumsey, appointed in Aug 2022, has a tenure of 1.67 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 $6.46M. The average tenure of the management team and the board of directors is 1.7 years and 7.8 years respectively.
Key information
Jen Rumsey
Chief executive officer
US$12.8m
Total compensation
| CEO salary percentage | 11.7% |
| CEO tenure | 1.7yrs |
| CEO ownership | 0.02% |
| Management average tenure | 1.7yrs |
| Board average tenure | 7.8yrs |
Recent management updates
Recent updates
Cummins: It's Too Late To Buy This Dividend Growth Stock
Apr 12Cummins: An Industrial Force Worth Considering
Mar 18Here's Why Cummins (NYSE:CMI) Has A Meaningful Debt Burden
Feb 27
There May Be Reason For Hope In Cummins' (NYSE:CMI) Disappointing Earnings
Feb 13The Power Play: Cummins' Path To More Than 10% Annual Returns
Feb 08Cummins Inc. (NYSE:CMI) Looks Inexpensive But Perhaps Not Attractive Enough
Feb 03Investors Met With Slowing Returns on Capital At Cummins (NYSE:CMI)
Jan 22We Ran A Stock Scan For Earnings Growth And Cummins (NYSE:CMI) Passed With Ease
Dec 26Cummins: A Dividend Contender That Hasn't Been This Cheap In 3 Years
Dec 20Calculating The Fair Value Of Cummins Inc. (NYSE:CMI)
Dec 14Cummins: The A-Rated Dividend Stock Keeps Shining
Nov 15Cummins (NYSE:CMI) Is Paying Out A Larger Dividend Than Last Year
Nov 11Cummins (NYSE:CMI) Is Increasing Its Dividend To $1.68
Oct 28Cummins (NYSE:CMI) Is Paying Out A Larger Dividend Than Last Year
Oct 14Here's What To Make Of Cummins' (NYSE:CMI) Decelerating Rates Of Return
Oct 10Cummins: Dividend Raised 18 Years/2.95% Yield - High Quality Industrial
Oct 10Is Now The Time To Look At Buying Cummins Inc. (NYSE:CMI)?
Sep 28Cummins: A Dividend Growth Stock That Can Keep Your Portfolio Trucking Along
Sep 28Cummins (NYSE:CMI) Seems To Use Debt Quite Sensibly
Sep 15Cummins: 5 Factors Make This A Strong Buy
Sep 06We Ran A Stock Scan For Earnings Growth And Cummins (NYSE:CMI) Passed With Ease
Sep 01Cummins' (NYSE:CMI) Dividend Will Be Increased To $1.68
Aug 14Cummins: Navigating Challenges With Resilience And Record Revenues
Aug 14Cummins (NYSE:CMI) Has Announced That It Will Be Increasing Its Dividend To $1.68
Jul 31Cummins: Forget The AI-Rally, Buy The Heat Rally
Jul 20Cummins (NYSE:CMI) Is Paying Out A Larger Dividend Than Last Year
Jul 15Cummins: Still Cheaply Priced
Jul 12A Look At The Intrinsic Value Of Cummins Inc. (NYSE:CMI)
Jun 27Cummins: Powering Its Engines
Jun 19Recession? Tailwinds? How Attractive Is Cummins' 3% Yield?
Jun 08These 4 Measures Indicate That Cummins (NYSE:CMI) Is Using Debt Reasonably Well
Jun 05Here's Why Cummins (NYSE:CMI) Has Caught The Eye Of Investors
May 25At US$233, Is It Time To Put Cummins Inc. (NYSE:CMI) On Your Watch List?
Apr 24Cummins (NYSE:CMI) Hasn't Managed To Accelerate Its Returns
Apr 11Estimating The Intrinsic Value Of Cummins Inc. (NYSE:CMI)
Mar 05Cummins declares $1.57 dividend
Feb 14Cummins (NYSE:CMI) Seems To Use Debt Quite Sensibly
Feb 13Cummins Q4 2022 Earnings Preview
Feb 03Cummins: Why The Stock Could Fall 20% From Here
Jan 24What Does Cummins Inc.'s (NYSE:CMI) Share Price Indicate?
Jan 18Returns On Capital At Cummins (NYSE:CMI) Have Hit The Brakes
Jan 06Cummins: Sustainable Hydrogen Energy
Dec 18Cummins to power Linde's U.S. green hydrogen plant
Dec 12Cummins Inc. (NYSE:CMI) Shares Could Be 50% Below Their Intrinsic Value Estimate
Nov 29CEO 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 about average for companies of similar size in the US market ($USD13.51M).
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)
1.7yrs
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 | 1.7yrs | US$12.85m | 0.016% $ 6.5m | |
| Senior Vice President | 3.1yrs | US$4.76m | 0.058% $ 23.4m | |
| CFO & VP | 5.1yrs | US$6.61m | 0.016% $ 6.5m | |
| VP & Chief Administrative Officer | 3.2yrs | US$4.10m | 0.015% $ 6.1m | |
| VP & Chief Human Resources Officer | 1.4yrs | US$3.78m | no data | |
| VP, Executive VP & President of Operations | less than a year | US$5.09m | 0.021% $ 8.2m | |
| Chief Technical Officer | less than a year | no data | 0.0019% $ 752.6k | |
| VP of Investor Relations | no data | no data | no data | |
| VP, Chief Legal Officer & Corporate Secretary | 2.9yrs | no data | 0.0033% $ 1.3m | |
| Executive Director of Ethics & Compliance and Chief of Staff | 2.2yrs | no data | no data | |
| VP & President of Power Systems | 1.7yrs | no data | 0.0030% $ 1.2m | |
| President of Engine Business | less than a year | no data | 0.0021% $ 828.6k |
1.7yrs
Average Tenure
55yo
Average Age
Experienced Management: CMI's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 2.2yrs | US$12.85m | 0.016% $ 6.5m | |
| Senior Vice President | 3.1yrs | US$4.76m | 0.058% $ 23.4m | |
| Lead Independent Director | 8.9yrs | US$364.87k | 0.0076% $ 3.1m | |
| Independent Director | 35.2yrs | US$365.57k | 0.041% $ 16.6m | |
| Independent Director | 13.5yrs | US$329.12k | 0.0037% $ 1.5m | |
| Independent Director | 3.5yrs | US$364.12k | 0.0031% $ 1.2m | |
| Independent Director | 2.9yrs | US$335.71k | 0.0016% $ 652.5k | |
| Independent Director | 15.5yrs | US$347.08k | 0.013% $ 5.2m | |
| Independent Director | 6.8yrs | US$344.00k | 0.0039% $ 1.5m | |
| Independent Director | 8.9yrs | US$314.87k | 0.0065% $ 2.6m | |
| Independent Director | 1.8yrs | US$379.87k | 0.0012% $ 476.3k | |
| Independent Director | 19.8yrs | US$345.78k | 0.017% $ 6.8m |
7.8yrs
Average Tenure
66yo
Average Age
Experienced Board: CMI's board of directors are considered experienced (7.8 years average tenure).