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Mr Tso will officially retire after 35 years of service, with Mr Ineson taking over as cummins' new head of China

August 14, 2020

Columbus, indiana, USA – Cummins corporation (nyse: CMI) announced today that after 35 years of dedicated service to cummins, cummins group vice President for China and Russia – Steve Chapman will retire on July 31, 2020. Nathan Stoner has been promoted to vice President of cummins, taking full responsibility for China operations from Mr Tso, effective March 30, 2020.

He joined cummins in 1985 as part of the negotiating team that negotiated the first license agreement between cummins and dongfeng motor. In 1987, he made his first trip to Russia with the cummins team and began working with kamaz. He has been instrumental in many of cummins' key partnerships and joint ventures in China, Russia and India.

& other; One of his outstanding characteristics is to serve as a bridge of communication between countries, cultures, customers, markets and economies. "Said Tom Linebarger, cummins' chairman and chief executive. & other; He saw early on cummins' opportunities to bring its products and technology to new customers and markets outside the us. His unwavering commitment to breaking down barriers and developing talent is a great asset to us and to the future. I will miss him and wish him a wonderful retirement. Throughout the &;

During his career, Mr. Tsao has held several positions related to cummins' international operations: managing southeast Asia and China in the 1990s; From 2002 to 2005, he was responsible for the creation of the international distribution division, the predecessor of the current distribution division, serving as its first President. From 2005 to 2008, he was head of the emerging markets business. He then returned to Beijing to lead regional operations in China and Russia.

As a foreigner who has witnessed and participated in China's reform and opening up process for more than 40 years, cao is also recognized by the Chinese government, media and industry organizations. In 2016, he received China's highest honor for a foreigner. China national friendship award. He was named in 2008. Top 10 most influential foreigners in Chinese auto industry ” In 2018, it won again. The most influential foreign expert in China's 40 years of reform and opening-up The title.

Cummins promoted Nathan Stoner to cummins vice President, taking over from Mr Tso on March 30, 2020, with full responsibility for the China business. He joined cummins in 2010. As the new head of China, he will report directly to Tony Satterthwaite, cummins' President and chief operating officer. Alexei Ustinov, cummins vice President in charge of the non-road engine business and Russia, will continue to lead the Russian business.

& other; China is a key part of cummins' global operations, and I believe Nathan is the right person to do that. , LAN bowen said: He is a great leader with great strategic thinking. As a business master, he has made great achievements while building a team with high performance and excellent ability. Nathan's love for China and its employees, as well as his unwavering commitment to cummins and its customers, make us believe that he is the best person to lead cummins China into a new era. Throughout the &;

Nathan shi is the general manager of the joint venture business in partnership and engine division in China. Prior to that, he served as general manager of cummins China power systems, successfully leading the integration of the power business, high horsepower business and the cummins joint venture in chongqing. Under his leadership, the powersystems business in China has achieved significant growth in both sales and profits through the forceful implementation of several key initiatives.

He also served as executive director of business development at cummins, where he was responsible for developing, developing and executing cummins' global non-organic growth initiatives, including joint ventures, mergers and acquisitions, strategic alliances, divestitures and technology licensing. He has also led cummins China partnership and key account management function excellence.

Prior to joining cummins, Mr. Ineson spent 12 years in corporate management and strategy consulting roles in various industries, including design, strategy and project execution for Disney, Microsoft, IDEO, Charles schwab, TCL and save the children. He was also the founder and general manager of Sino Universal Ltd., a china-based design and manufacturing company with offices in ningbo, Shanghai and Hong Kong.

He received a bachelor's degree in architecture and mechanical engineering from Yale university and an mba from the Yale school of management. He has worked and lived in several cities around the world, including cities in the United States, London, Ethiopia, Addis ababa, and China. Now, Mr. Shi and his family live in Beijing.
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