Bruce Carver Named Cummins Vice President and Chief Information Officer.COLUMBUS, Ind. -- Cummins Inc. (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. ) 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 Purdue University (pərdy  `, -d`), main campus at West Lafayette, Ind. .
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 CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. 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 The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . "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 MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from DePaul University DePaul University[1] is a private institution of higher education and research in Chicago, Illinois, USA. . 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 Columbus (IPA: [kəˈlʌm.bəs]) is the county seat of Bartholomew County, Indiana. The population was 39,059 at the 2000 census. The current mayor is Fred Armstrong. , (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 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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