Cummins Inc. (NYSE: CMI) today announced that it has selected Bruce Carver as Vice President – Chief Information Officer, succeeding Gail Farnsley, who left the Company in February to take a position at Purdue University.
Carver, who will join Cummins on April 21, will report to Tom Linebarger, Executive Vice President and President – Power Generation. Carver joins Cummins from automotive parts maker Dana Holding Corp., where he has been Vice President and CIO since September 2004.
Prior to his work at Dana, Carver was Vice President and divisional CIO for PepsiCo from 2000-2004. He also has served as the CIO for Reynolds and Reynolds Co., a provider of integrated IT solutions to the automotive industry.
“Bruce brings a great deal of IT leadership experience, much of it in automotive-related businesses, which will be invaluable to Cummins as we pursue our ambitious growth goals over the next several years,” Linebarger said. “Bruce has managed large, global IT organizations and has a track record of delivering solutions that support the business goals of the companies for which he has worked.”
At Cummins, Carver will be the top executive for the Company’s global IT operation, and has been charged with helping the Company generate and manage information in a way that drives business growth and profitability.
“I am excited to be joining Cummins at a time of significant opportunity,” Carver said. “I look forward to building on the foundation created by Gail during her tenure and working with the talented IT team already in place to support Cummins’ plans for profitable growth.”
Carver, 47, earned his bachelor’s degree in finance from Virginia Tech and his MBA from DePaul University. He will be based at the Company’s headquarters in Columbus.
About Cummins
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves customers in more than 160 countries through its network of 550 Company-owned and independent distributor facilities and more than 5,000 dealer locations. Cummins reported net income of $739 million on sales of $13.05 billion in 2007. Press releases can be found on the Web at www.cummins.com.
Forward-Looking Disclosure Statement
Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company’s expectations, hopes, beliefs and intentions on strategies regarding the future. It is important to note that the company’s actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in Cummins Securities and Exchange Commission filings.
Contacts:
Mark Land – Director of
Public Relations, 317-610-2456
mark.d.land@cummins.com
