Cummins Inc. (NYSE: CMI) announced today two new independent nominees for its Board of Directors — Thomas J. Lynch, Chairman and Chief Executive Officer, TE Connectivity, and Bruno Di Leo, Senior Vice President, Sales & Distribution, IBM Corporation. The two nominees will stand for election at Cummins’ 2015 Annual Meeting of Shareholders on May 12, along with Cummins’ returning eight Board members.
Cummins’ Chairman and CEO Tom Linebarger expressed his support for the two new candidates saying, “Mr. Lynch and Mr. Di Leo are both highly qualified and accomplished individuals, who will add tremendous value to our Board of Directors. The addition of Mr. Lynch, a CEO of a publicly-traded company in the technology sector, and Mr. Di Leo, a leader with significant international and emerging markets experience, will strengthen our Board by expanding the diversity and skills of our leadership.”
Lynch is Chairman and CEO of TE Connectivity. He is credited with transforming the Company as it transitioned from the former electronics segment of Tyco International to a separate and independent public company.
TE Connectivity is a $14 billion technology company and a world leader in connectivity and sensor solutions.
Di Leo is a native of Peru who has more than 35 years of business leadership experience in multinational environments. During his 40-year career at IBM, Di Leo has worked in a number of executive positions with a focus on growing business in emerging markets. In his current role, he is accountable for revenue, profit and client satisfaction in Japan, Asia Pacific, Latin America,Greater China Group, and the Middle East and Africa.
If elected, Lynch and Di Leo would become Cummins’ ninth and 10th Board members. All Cummins directors are elected annually.
