Cummins（New York Stock Exchange：CMI）Announce，The board of directors unanimously elected Rong Zhanning, president and CEO of Cummins.（Jennifer Rumsey）As the chairman of the company，Effective August 1, 2023。Lan Bowen（Tom Linebarger）Will officially retire on July 31，Resigned as Executive Chairman and Chairman of Cummins。
Rong Zhanning first served as a member of Cummins' board of directors in February 2022.，He has been the president and CEO of the company since August 2022.。In more than twenty years at Cummins,，She has held a number of key positions.，Including the chief technology officer、President and Chief Operating Officer, Parts Division。Dual roles as Chairman and CEO，She will continue to lead the company into the future.，Leverage her technical expertise and deep understanding of Cummins' business，Enabling Customer Success in the Energy Transition。
Lan BowenExpress：“ At this key historical juncture in the transformation of Cummins and the entire industry，Rong Zhanning was appointed chairman of the board.。Her vision of Cummins' strategic vision，Focus on providing solutions to meet customer needs，A focus on reducing environmental impact，It will lead the company to successfully meet the transformation of zero carbon future.。For me, personally.，I am proud and grateful to have been a part of Cummins for the past 30 years.。I am very happy to hand over the baton to Rong Zhanning.，And firmly believe that she is the ideal leader to lead Cummins forward in this important period.。”
Rong ZhanningSay：“ Be able to serve as the chairman of the company，I am deeply honored。I would like to express my heartfelt thanks to Lan Bowen.，He is an outstanding leader of this company.，He is also a colleague and mentor I cherish very much.。He was my guide through my career and leadership experience at Cummins.，And lead the company to prosperity.。Look to the future，We will continue to create innovative solutions，Effectively meet customer needs，While having a positive impact on the communities we serve。A year ago, when I was CEO, I said，We will continue to put people first.。Today，I'm proud to see.，Every dedicated employee of the company makes unremitting efforts.，Make sure we are moving towards the vision of the company。The most important thing is that we are right.“Zero carbon target”A promise，This is our future of achieving zero emissions.、Drive customer success、Corporate strategy to grow the business and deliver strong returns to investors。”
Lan served as chairman and chief executive officer of Cummins from 2012 to 2022.，In the past year, he served as the executive chairman of the company.。During his 10 years in office,，Company revenue grew from $17.3 billion to a record $28.1 billion last year.。Lan Bowen led the development of the company.，To ensure that the company is always in the leading position in the industry，Major corporate initiatives in which he participated included the formation of Cummins.Accelera（The company's Zero Carbon Solutions business），And through the acquisition of Meritor（Cummins' largest acquisition ever）Etc，Further expand the company's product matrix。During his term of office，He invests heavily in employee development and well-being.，Build up a high-quality team、A diverse team of leaders。The Company's appointment today is consistent with the Board's succession planning and commitment to managers at all levels.。
As“Zero carbon target”Co-architect of，Rong Zhanning is the CEO.In the first year, the company's decarbonization strategy has been significantly promoted.，At the same time, it refreshed the company's revenue record for three consecutive quarters at the end of 2022 and the first half of 2023.。In the meantime，Cummins continues to grow its core business，Acquired Meritor，Accelerate the development of economically viable zero-carbon powertrain solutions，Includes industry-leading multi-fuel powertrain platform，Strengthen sales and service networks and expand customer relationships。
At the same time，Cummins advances the development of innovative zero-emission solutions，Rebranded the business unit，And to the customer、 Staff 、Potential talent and policy makers are sending clear signals.：The company is committed to leading zero-emission power technology.。2022，Cummins invests $1.2 billion in technology research and development，To drive innovation and growth across the business，At the same time, it brings rich returns to shareholders.。In order to fulfil the commitment to put people first,，Rong Zhanning has established new partnerships with major customers.，It also implemented a number of employee care initiatives during the epidemic and post-epidemic periods.。
“On behalf of the Cummins Board of Directors,，Thank you for your leadership of Cummins over the past three decades.。”Cummins Board Lead DirectorTom LynchSay：“ His dedication to Cummins has resulted in tremendous growth and rewards for the company.。At the same time, I am very happy that Rong Zhanning is the chairman of the board.，She has demonstrated the leadership needed for Cummins' continued growth and success.。During his first year in office,，She led the company to record revenues.，And drive the company's key initiatives.。She has the deep technical accumulation needed to lead us to the decarbonization goal.，And the ability to lead and develop talent.。The Board is confident that Rong Zhanning will help Cummins continue to thrive。”
Rong Zhanning was born in Columbus, Indiana, USA.，The Global Association of Women Engineers、Member of the Society of Automotive Engineers and the Women's Trucking Association。She holds a bachelor's degree in mechanical engineering from Purdue University and a master's degree in mechanical engineering from MIT.。In her career,，She has always advocated science.、Technology、Engineering and Mathematics Education（STEM）Diversity in the field、Fairness and inclusion，And actively promote women's empowerment.。She lives in Columbus with her husband.，And have two daughters in college.。
