X

Shareholder challenges Cummins CEO, Chairman roles

Jason Cannon April 2, 2013

Cummins shareholder John Chevedden wants the Indiana-based company’s chairman of the board of directors to be independent — not a dual position with the company’s chief executive officer, The Republic reported.

Chevedden plans to ask shareholders during the company’s annual meeting next month to adopt a policy that would prevent the Cummins CEO from also serving as chairman of the board.

According to The Republic, Chevedden also raised concerns in Cummins’ proxy statement released Monday about directors who serve on the board for too long and about executive compensation not being tied enough to company performance.

Poll

Have truck sales the first 3 months of 2014 changed your expectations for year-end sales?

Latest

Kenworth of Pennsylvania opens new parts, service center

Four Star Freightliner invests in transmission service

Rush Enterprises truck sales outpacing industry, up 30 percent

Popular

Rush Enterprises truck sales outpacing industry, up 30 percent

TRP celebrates 20-year anniversary

Used truck market normalizing