Summary
Cummins Inc. (CMI) announced a significant change to its Board of Directors with the election of Kimberly A. Nelson as a new director, effective October 13, 2020. Ms. Nelson brings valuable experience from her previous role as Senior Vice President, External Relations at General Mills, Inc. This appointment is a key governance update that investors should note as it potentially brings fresh perspectives and expertise to the board's oversight functions.
Key Highlights
- 1Kimberly A. Nelson elected as a new director to the Board of Directors.
- 2Ms. Nelson previously served as Senior Vice President, External Relations at General Mills, Inc.
- 3Her term as director will last until the Company's next annual meeting of shareholders.
- 4Ms. Nelson has been appointed to three key committees: Audit Committee, Safety, Environment and Technology Committee, and Governance and Nominating Committee.
- 5She will be compensated under the Company's standard non-employee director compensation policies.