Cummins Creates Ethics and Compliance Organization
COLUMBUS, Ind.--(BUSINESS WIRE)-- Cummins Inc. (NYSE:CMI) announced today that it is creating an Ethics and Compliance organization with officer-level leadership and accountability, and has named Deputy General Counsel Mark Sifferlen to this critical role.
Sifferlen, who has been with Cummins since 2000, will become the Company’s first Vice President – Ethics and Compliance. He is also is taking on the role of Corporate Secretary, where he will focus on corporate governance and compliance with the Securities and Exchange Commission and New York Stock Exchange.
The new Ethics and Compliance organization was created to ensure the Company maintains its high ethical standards as it grows globally. The task of ensuring that the Company complies with the Code of Business Conduct is becoming more complex as Cummins grows in size and global reach.
“At Cummins, we believe in acting with integrity and behaving ethically with all of our stakeholders,” said Tom Linebarger, Chairman and Chief Executive Officer. “Integrity ranks first among our values because doing the right thing is not an option for us. It is what we require of every employee who works for Cummins.”
For five straight years the Company has been selected as one of the most ethical companies in the world by Ethisphere magazine and has been named to Corporate Responsibility’s magazine’s top 100 corporate citizens 11 times in 12 years.
In this new role, Sifferlen will build on past successes and make sure the Company focuses resources where improvement is needed.
Sifferlen is uniquely qualified for this position. He currently oversees the Company’s online compliance training and high profile compliance areas such as bribery and export controls. He launched Cummins’ online compliance training program in 2005 and he is the primary author of the Cummins Code of Business Conduct.
Since 2008, Sifferlen has led Cummins’ corporate governance work as Assistant Corporate Secretary and supported our Board of Directors and senior leaders.
Prior to joining Cummins, he was with Consolidated Products and the law firm of Baker & Daniels, both located in Indianapolis. He earned his bachelor’s degree from DePauw University and his law degree from Northwestern University in Chicago. Mark, his wife Sandy and their six children reside in Zionsville, Ind.
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.
Cummins Inc.
Janet Williams, Director – Corporate Communications,
317-610-2488
janet.williams@cummins.com
Source: Cummins Inc.
Released February 21, 2012