Cummins Makes DiversityInc List for Fourth Straight Year
COLUMBUS, Ind.--(BUSINESS WIRE)-- DiversityInc has named Cummins Inc. (NYSE: CMI) to its list of the Top 50 Companies for Diversity for a fourth consecutive year.
Cummins finished 26th on the magazine's 2010 list - up from 42nd in 2009.
"The competition to be on the DiversityInc Top 50 list has grown again this year to 449 companies (a 12 percent increase)," said Luke Visconti, Chief Executive Officer of DiversityInc.
"In addition, the total data reflected increased diversity across all companies that competed," he added. "That means Cummins has achieved a spot on our list as competition increased and as the competitors increased their accomplishments. This takes a remarkable commitment from top leadership."
Cummins Chairman and CEO Tim Solso said managing diversity is critical to the Company's future.
"We have learned that bringing together people of different backgrounds and perspectives leads to more creative and innovative solutions to the complex challenges we face as a global company," Solso said. "Our ability to celebrate and effectively manage diversity is critical to serving our customers and to the long-term success of our Company."
To qualify for the DiversityInc list, companies had to employ at least 1,000 employees and complete a detailed questionnaire based on empirical questions about their diversity and supplier diversity initiatives. The list is now in its 10th year.
Jill Cook, Vice President - Human Resources, and Lisa Gutierrez, Executive Director of Global Diversity, traveled to Washington, D.C. this month for the DiversityInc announcement.
"While this recognition is nice, creating the right work environment is a job never done," Cook said. "It really comes down to thinking about why you might not be comfortable with someone, or who you might be excluding from something, and bringing him or her into whatever the issue might be. Only then can you tap into the synergies possible with a diverse workforce."
Gutierrez said Cummins' commitment to diversity gives the Company a competitive advantage.
"At Cummins, we've been on a proactive diversity journey, connecting who people are, how they think and how we can utilize their talents to achieve success," she said. "We don't just talk about diversity. We put diversity into action to deliver on our vision, our mission and on our strategic principle of creating a great place to work."
DiversityInc was founded in 1998 as a web-based publication, and a print magazine was launched in 2002. To see the full ranking of the 2010 DiversityInc Top 50 Companies for Diversity as well as more information on the methodology, visit: DiversityInc.com/Top50.
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 approximately 190 countries and territories through a network of more than 500 company-owned and independent distributor locations and approximately 5,200 dealer locations. Cummins reported net income of $428 million on sales of $10.8 billion in 2009. 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.
Source: Cummins Inc.
Released March 30, 2010