![]() ![]() The state approved $500 million in READI grants for all 17 regions of the state in December. The company opened its Columbus operations in 1990 and employs some 1,500 workers in the Bartholomew County city.ĬOLUMBUS, Ind. (Inside INdiana Business) - Governor Eric Holcomb says nearly half of the grant funding awarded through the Indiana Regional Economic Acceleration and Development Initiative are set to be designated for projects and programs in 10 regions by the end of July. ![]() Toyota Material Handling manufactures forklifts, pallet jacks, container handlers and other material handling products. PennWest was founded in the late 1960s and has locations in Mount Pleasant, Pittsburgh, and Erie, Pennsylvania. The transition will be seamless, and our customers will see business operating as usual.” “Toyota’s philosophy to place a high value on quality products, customer service and associates mirrors our values. “Toyota is the perfect match for our company,” PennWest President Mark Gaier said in written remarks. TMH says the current executive and management teams will continue to operate the business for the foreseeable future. ![]() While financial terms of the deal are not being disclosed, TMH says the dealership will continue to operate under its current name with no changes to staffing. (Inside INdiana Business) - Columbus-based Toyota Material Handling on Thursday announced its acquisition of Pennsylvania-based forklift dealership PennWest Toyota Lift. You can watch the full interview by clicking here.ĬOLUMBUS, Ind. In a March 2021 interview on Inside INdiana Business with Gerry Dick, Rumsey discussed women executives operating in what has traditionally been male-dominated space and how she broke the glass ceiling. At the time, the board said in a proxy statement that it believed “it is in the best interests of our company for the roles of our Chairman and Chief Executive Officer to be combined.”Ĭummins did not provide a timeline for naming a successor to Rumsey as COO. The leadership change comes two months after Cummins shareholders rejected a proposal to split the duties of chairman and chief executive officer. ![]() “We look forward to his continued contributions as Executive Chairman.” “His leadership has grown Cummins’ global business, positioned the company to lead in zero- and low-carbon solutions, and developed a highly capable and diverse management team to lead us through the technology transition,” said Lynch. In a news release, Cummins Lead Director Tom Lynch thanked Linebarger for his work over the last three decades. He has held numerous executive positions at the company, including serving as president and COO from 2008 to 2011. Linebarger began his career at Cummins as an intern before joining the company full-time in 1993. My technical background, business experience and focus on people, purpose, and impact have prepared me for this moment. “I am grateful to Tom for his support and mentorship over the years and to the Board for their confidence in my leadership. “Growing up in Columbus, Indiana, where Cummins was founded, and spending most of my career here makes this announcement incredibly meaningful,” said Rumsey. Rumsey was elected to the Cummins Board of Directors in February and the company says she will maintain her seat on the board. She also previously held the role of chief technical officer. Rumsey joined Cummins as a technical advisor in 2000 and was named president and COO in March 2021 after serving as vice president and president of Cummins’ components segment. “Jen uniquely understands our customers and business, having worked in many different parts of the business during her more than 20-year career, and in every role, she has consistently delivered results.” “Jen is a once in a generation talent and the right leader for Cummins at this important time in our history,” Linebarger said in written remarks. Linebarger will continue in his role as chairman of the Cummins Board of Directors, as well as executive chairman. Rumsey will become the first woman to lead the company in its more than 100-year history. Tom Linebarger will step down as chief executive officer on August 1, while Jennifer Rumsey, who currently serves as president and chief operating officer, will be promoted to president and CEO. (NYSE: CMI) is making changes to its top leadership, the company announced Thursday. (Inside INdiana Business) - Columbus-based Cummins Inc. ![]()
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