Andrew Penca to Join Cummins as Assistant to the President.COLUMBUS, Ind. -- Andrew Penca, Commissioner of Indiana Workforce Development, will join Cummins (NYSE NYSE See: New York Stock Exchange :CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. ) Dec. 3 as Assistant to President Joe Loughrey, the Company announced today. Penca's duties will be split between Cummins project work and supporting Loughrey's efforts as Chairman of Conexus Indiana, a statewide advanced manufacturing and logistics initiative. Conexus' primary goal is to attract and educate young people in the state as they pursue careers in advanced manufacturing and logistics. Penca joined Indiana Workforce Development in early 2005 and has served as Commissioner since October 2006. In his role with the state, Penca was instrumental in working with employers and state and local government officials to develop and implement programs and policies aimed at raising the education and skill levels of Indiana's workforce. Penca also brings extensive auto-related experience to Cummins. He spent roughly six years at Honda R&D Americas, Inc. in the advanced product planning Product Planning is the ongoing process of identifying and articulating market requirements that define a product’s feature set. See also
n. See ridge. Noun 1. ridgeline - a long narrow range of hills ridge arete - a sharp narrow ridge found in rugged mountains . Penca, a native of Peoria, Ill., earned his bachelor's degree in Business Administration, with honors in International Management, from Butler University in 1996 and his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in finance and accounting from the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission in 2003. He currently lives in Carmel with his wife, Laurie, and their two sons, Andrew and Landon. 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 $715 million on sales of $11.4 billion in 2006. Press releases can be found on the Web at www.cummins.com. Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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