Jennifer  Rumsey net worth and biography

Jennifer Rumsey Biography and Net Worth

Chairman & CEO of Cummins

Jennifer Rumsey became Chair and CEO of Cummins Inc., a global power leader that uniquely offers its customers a broad portfolio of power solutions that best meet their needs and powers their businesses, including diesel, natural gas, battery, fuel cells, electrolyzers, and related components, on August 1, 2023.

Rumsey was named President and CEO on August 1, 2022. Prior to that role, she was President and Chief Operating Officer, which she assumed in March 2021. Before serving as COO, Rumsey was Vice President and President of Components Segment, one of Cummins’ five business segments. As the President of Components, Rumsey oversaw an organization of more than 12,000 global employees with sales of $6 billion in 2020 and customers located around the world.

Rumsey previously served as Vice President and Chief Technical Officer where she led the global technical organization of approximately 11,000 employees responsible for research and engineering across Cummins. Rumsey’s early career focused on control systems and system engineering; initially at a fuel processing and fuel cell start-up company in Cambridge, MA. In 2000, she moved to Cummins and has worked in a variety of engineering roles across Cummins and product life cycle areas including advanced technology development, new product development, current product engineering and product quality.

Rumsey is passionate about building high-performing, diverse teams and has dedicated her Cummins career to the development of others and to innovate for customers to power their success.

Rumsey is a member of the Society of Women Engineers, Society of Automotive Engineers, and Women in Trucking Association. She holds a Bachelor of Science in Mechanical Engineering from Purdue University and a Master of Science in Mechanical Engineering from Massachusetts Institute of Technology.

What is Jennifer Rumsey's net worth?

The estimated net worth of Jennifer Rumsey is at least $206,260.06 as of May 3rd, 2024. Ms. Rumsey owns 587 shares of Cummins stock worth more than $206,260 as of December 21st. This net worth evaluation does not reflect any other investments that Ms. Rumsey may own. Additionally, Ms. Rumsey receives a salary of $4,820,000.00 as Chairman & CEO at Cummins. Learn More about Jennifer Rumsey's net worth.

How old is Jennifer Rumsey?

Ms. Rumsey is currently 50 years old. There are 5 older executives and no younger executives at Cummins. Learn More on Jennifer Rumsey's age.

What is Jennifer Rumsey's salary?

As the Chairman & CEO of Cummins Inc., Ms. Rumsey earns $4,820,000.00 per year. Learn More on Jennifer Rumsey's salary.

How do I contact Jennifer Rumsey?

The corporate mailing address for Ms. Rumsey and other Cummins executives is 500 JACKSON STREET BOX 3005, COLUMBUS IN, 47202. Cummins can also be reached via phone at (812) 377-5000 and via email at [email protected]. Learn More on Jennifer Rumsey's contact information.

Has Jennifer Rumsey been buying or selling shares of Cummins?

Jennifer Rumsey has not been actively trading shares of Cummins during the last quarter. Most recently, Jennifer Rumsey sold 739 shares of the business's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $266.91, for a transaction totalling $197,246.49. Following the completion of the sale, the chief executive officer now directly owns 2,698 shares of the company's stock, valued at $720,123.18. Learn More on Jennifer Rumsey's trading history.

Who are Cummins' active insiders?

Cummins' insider roster includes Sharon Barner (VP), Marvin Boakye (VP), John Brockhaus (VP), Franklin Changdiaz (Director), Christopher Clulow (VP), Jill Cook (Insider), Bruno Di Leo (Director), Tracy Embree (Insider), Thaddeus Ewald (VP), Walter Fier (VP), Daniel Fisher (Director), Melina Kennedy (VP), Norman Linebarger (CEO), Georgia Nelson (Director), Srikanth Padmanabhan (Insider), Jennifer Rumsey (Chairman & CEO), Tony Satterthwaite (Vice Chairman), Mark Smith (CFO), and Jeffrey Wiltrout (VP). Learn More on Cummins' active insiders.

Are insiders buying or selling shares of Cummins?

During the last twelve months, Cummins insiders bought shares 3 times. They purchased a total of 2,589 shares worth more than $729,353.16. During the last twelve months, insiders at the sold shares 11 times. They sold a total of 90,688 shares worth more than $25,957,879.13. The most recent insider tranaction occured on November, 21st when VP Sharon R Barner sold 2,163 shares worth more than $798,406.56. Insiders at Cummins own 0.6% of the company. Learn More about insider trades at Cummins.

Information on this page was last updated on 11/21/2024.

Jennifer Rumsey Insider Trading History at Cummins

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
2/16/2024Sell739$266.91$197,246.492,698View SEC Filing Icon  
11/22/2023Sell2$164.60$329.201,440View SEC Filing Icon  
3/31/2022Sell420$208.41$87,532.202,052View SEC Filing Icon  
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Jennifer Rumsey Buying and Selling Activity at Cummins

This chart shows Jennifer Rumsey's buying and selling at Cummins by year and by quarter.

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Cummins Company Overview

Cummins logo
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers parts and services, as well as remanufactured parts and engines. It provides power generation systems, horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, and electric power generation systems, and batteries. It sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.
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Today's Range

Now: $351.38
Low: $346.27
High: $355.79

50 Day Range

MA: $355.53
Low: $325.62
High: $383.61

2 Week Range

Now: $351.38
Low: $226.52
High: $387.90

Volume

2,167,319 shs

Average Volume

1,403,369 shs

Market Capitalization

$48.20 billion

P/E Ratio

23.21

Dividend Yield

2.02%

Beta

0.99