103-year-old startup? Cummins’ New Power sector signals evolving identity
Striking a cultural balance between old-line manufacturer and startup-minded developer of hydrogen and electrification technologies foreshadows a day when Cummins Inc. will be better known for low-carbon initiatives than the diesel engines that marked the company’s first century.
The question of a transition to a new identity doesn’t take CEO Tom Linebarger by surprise, though it is not the kind of query he usually fields from industry analysts on quarterly earnings calls.
“I think at its core the company has been about innovating to solve commercial industrial customers’ problems on power,” Linebarger said. “So, at one level I don’t think we’re changing very much at all. I think it’s a different set of solutions to a lot of similar problems.
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