Atmus Filtration Technologies, Inc. (ATMU) has released an update.
In a strategic move by Cummins Inc., six Cummins-designated members resigned from the Company’s board of directors, effective upon the successful exchange of shares with the Company. The board was then resized to seven members, introducing Diego Donoso and Stuart Taylor as new directors, who will also serve on various committees. This reshuffle aligns with a previous separation agreement following the Company’s initial public offering, marking a significant shift in the Company’s governance structure as it prepares for a future with less Cummins’ influence.
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