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Cummins Earns Spot on DiversityInc Top 50 List for 2012
Cummins Earns Spot on DiversityInc Top 50 List for 2012

  

Cummins Inc. (NYSE: CMI) has been named one of the Top 50 Companies for Diversity by DiversityInc for the sixth consecutive year. Cummins ranked 18th on the list, the same position the Company held in 2011.

“Cummins is honored to be named to the DiversityInc Top 50 list,” said Lisa Gutierrez, Executive Director, Global Diversity. “We are committed to deliver strategies consistent with our core values of diversity and integrity along with our vision of Making People’s Lives Better by Unleashing the Power of Cummins. Earning this recognition from DiversityInc is an added encouragement to continue and accelerate our diversity journey.”

This year’s list included companies from a wide range of industries, including consulting, retail, manufacturing and banking. The full list can be found at www.DiversityInc.com/top50..

According to the magazine, “Cummins is not only a trendsetter in diversity management for its industry, it has held ground in the top half of the DiversityInc top 50 against increased participation and competition.”

“You can’t truly be a successful global company if you don’t value and manage diversity,” said Tom Linebarger, Chairman and Chief Executive Officer. “As Cummins grows in existing markets and expands into new ones, we need employees who bring diverse experiences and backgrounds to help us drive innovation and solve our customers’ complex business challenges. This commitment is core to our future success.

”In a breakthrough year, gains in diversity were seen at the senior-most levels, according to the magazine. At the CEO level, companies in the 2012 DiversityInc Top 50 have twice the percentage of women as the Fortune 500, triple the percentage of Asians and four times the percentages of Blacks and Latinos. There also were significant year-to-year increases in the DiversityInc Top 50.

“This is a transitional year,” said Luke Visconti, CEO of DiversityInc. “We were struck by the change of diversity of the CEOs and managing teams of the companies on our list. It’s much different from just five years ago. I see this as being a result of increasing emphasis at the most competitive companies, who link diversity management to creating a nimble and innovative corporate culture.”

In other awards announced by DiversityInc, Cummins also ranked

  • No.5 in The DiversityInc Top 10 Companies for Asian Americans

Methodology

A total of 587 companies participated in the 2012 DiversityInc Top 50 competition, up 11 percent from last year. Twelve percent more companies were able to answer every question on the 300-field survey, which is divided into four parts: CEO Commitment, Human Capital, Corporate and Organizational Communications, and Supplier Diversity.

The results are determined by statistical analysis.

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 employs approximately 44,000 people worldwide and serves customers in approximately 190 countries and territories through a network of more than 600 company-owned and independent distributor locations and approximately 6,500 dealer locations. Cummins earned $1.85 billion on sales of $18.0 billion in 2011. 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 our forecasts, expectations, hopes, beliefs and intentions on strategies regarding the future. Our 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: the adoption and implementation of global emission standards; the price and availability of energy; the pace of infrastructure development; increasing global competition among our customers; general economic, business and financing conditions; governmental action; changes in our customers’ business strategies; competitor pricing activity; expense volatility; labor relations; and other risks detailed from time to time in our Securities and Exchange Commission filings, including particularly in the Risk Factors section of our 2010 Annual Report on Form 10-K. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at
http://www.sec.govor at http://www.cummins.comin the Investor Relations section of our website.