Cummins Announces Ed Pence And Dave Crompton To Assume New Leadership Roles In The Cummins Engine Business
Cummins Inc. (NYSE: CMI), today announced the appointment of two long time Cummins Engine Business leaders to run key business operations within the Engine Business.
Effective Feb. 1, Ed Pence will lead the Cummins High Horsepower Business and Dave Crompton will lead the Heavy Duty, MidRange and Light Duty Worldwide Product Businesses which are being combined into one single global operating entity within the Engine Business. Pence will be replacing Mark Levett who will take on a new role at Cummins as Vice President of Corporate Responsibility and Community Relations and Chief Executive Officer of the Cummins Foundation.
“The High Horsepower Business is one of our fastest growing and profitable businesses and it is crucial to our Engine Business’ future, and because of that, the next leader must be a capable leader with proven results,” said Rich Freeland, President of the Engine Business and Vice President of Cummins Inc. “Ed Pence has a long history of delivering excellent results and has demonstrated over the years the strong ability to successfully work with existing and new customers to drive this crucial business forward into the future.”
Pence joined Cummins in 1981 in Purchasing and has held a variety of key positions, working with On and Off-Highway OEM’s and end use customers, including several years in the Australian Mining, Marine and Power Generation markets. Since 2005, he has served as the Vice President and General Manager– Heavy Duty Engine Business. Pence’s strong leadership helped drive the Heavy Duty Engine Business strategy and product plan to position Cummins for significant global growth in new market segments with fit-for-market technologies.
Also effective Feb. 1, Crompton will assume leadership of the Heavy Duty, MidRange and Light Duty Worldwide Product Businesses, which are being combined to create better alignment with global partners, the industry in general, and to best meet the needs of customers and other stakeholders.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
