Cummins (CMI) has released an update.
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Cummins Inc. has appointed John H. Stone, the current President and CEO of Allegion plc, as a new independent director. Stone will contribute his expertise to various committees, including the Audit Committee, the Safety, Environment and Technology Committee, and the Governance and Nominating Committee. His compensation aligns with the company’s policies for non-employee directors as detailed in the latest proxy statement. This strategic addition to the board comes ahead of the next annual shareholders’ meeting.
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