Cummins chief Solso to retire; Linebarger to take charge
COLUMBUS, Ind. — The Board of Directors of Cummins says that Tim Solso, 64, the Company’s chairman and CEO since 2000, will retire at the end of the year.
Tom Linebarger, Cummins president and COO, will take over for Solso on January 1, 2012.
Linebarger, 48, has been with Cummins 17 years. He was formerly president of Cummins Power Generation and served as the Company’s chief financial officer.
In a press release, Cummins said that during Solso’s tenure, the company’s market capitalization has grown tenfold and it has been recognized for its leadership in emissions reduction technologies and related environmental activities, financial performance and corporate responsibility, as well as diversity and human rights issues.
Solso will continue in his role through December 31 to ensure a smooth transition between the two leaders.
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