Cummins Inc. (NYSE: CMI) today announced that Rich Freeland has been
named the next President of the Company’s Engine Business. Freeland,
currently President – Components Business, will succeed Jim Kelly whose
planned departure from his current role was announced by the Company
yesterday.
Anant Talaulicar will succeed Freeland as president of the Components
Business while continuing to serve in his current capacity as Managing
Director of Cummins India. Both Freeland and Talaulicar will assume
their new roles in March 2010.
"Rich has done an outstanding job leading the Components Business and
his breadth of experience leading multiple business units, as well as
the depth of his prior work in our engine-related businesses will serve
him well in his new role,” said Cummins President and Chief Operating
Officer Tom Linebarger. "Anant is a strong leader with significant
success at growing Cummins’ business in international markets, which
will be invaluable as he expands his responsibilities.”
Freeland, 52, joined Cummins in 1979 and has held a variety of
operational and leadership roles in the Engine, Distribution and
Components businesses. He took over the Components Business in February
2008.
Under his leadership, the Components Business has improved its
profitability, strengthened its processes and done an outstanding job of
developing new products, especially those related to meeting the 2010
emissions regulations in the United States.
Prior to his role with the Components Business, Freeland ran the
Distribution Business from 2005-2008, during which time it became a
significant contributor to the Company’s profitability. He also has held
leadership roles in the PowerCare, Fuel Systems, Purchasing and Heavy
Duty Operations organizations, and served as Plant Manager at the
Columbus Engine Plant from 1996-2000.
Freeland, who lives and works in Columbus, IN, earned his bachelor’s
degree in industrial management from Purdue University and his MBA from
Indiana University.
Talaulicar, 48, joined Cummins in 1986 and has led Cummins’ India
operations since September 2004. Under his leadership, Cummins’ business
in India has nearly tripled in the past five years, with total
consolidated and unconsolidated sales reaching almost $1.8 billion in
2008.
Talaulicar has held a number of leadership roles in Power Generation
during his tenure at Cummins, serving as General Manager of the
Commercial and Consumer lines of business for the Americas. He also has
worked in the Corporate Strategy group, and has held finance,
manufacturing and general management roles in the Engine Business.
Talaulicar earned his bachelor’s degree in engineering from Mysore
University in India, and master’s degrees from the University of
Michigan and Tulane University. He will split his time between the
Company’s headquarters in Columbus, Indiana, and Pune, India.
"Rich and Anant are talented leaders who understand our markets and have
all the skills necessary to help Cummins position itself for future
success,” Linebarger said. "I am confident they will make a smooth
transition into their new roles as we continue to focus on emerging from
the current economic downturn an even stronger company.”
About Cummins
Cummins Inc., a global power leader, is a corporation of complementary
business units that design, manufacture, distribute and service engines
and related technologies, including fuel systems, controls, air
handling, filtration, emission solutions and electrical power generation
systems. Headquartered in Columbus, Indiana, (USA) Cummins serves
customers in approximately 190 countries and territories through a
network of more than 500 company-owned and independent distributor
locations and approximately 5,200 dealer locations. Cummins reported net
income of $755 million on sales of $14.3 billion in 2008. Press releases
can be found on the Web at www.cummins.com.
Forward-looking disclosure statement
Information provided in this release that is not purely historical are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including statements regarding the
company’s expectations, hopes, beliefs and intentions on strategies
regarding the future. It is important to note that the company’s actual
future results could differ materially from those projected in such
forward-looking statements because of a number of factors, including,
but not limited to, general economic, business and financing conditions,
labor relations, governmental action, competitor pricing activity,
expense volatility and other risks detailed from time to time in Cummins
Securities and Exchange Commission filings.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6122619&lang=en