Cummins Chairman and CEO Tim Solso Expected to Be Appointed to Presidential Advisory Board

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COLUMBUS, Ind.--(BUSINESS WIRE)-- Cummins Inc. (NYSE: CMI) today announced that Chairman and CEO Tim Solso is one of 10 business leaders expected to be appointed by President Barack Obama to the President's Management Advisory Board (PMAB). The PMAB was established in April 2010 to provide advice on how to implement best business practices to improve management and operation of the federal government.

The Board, chaired by the Deputy Director for Management of the Office of Management and Budget Jeffrey Zients, will advise both the President and the President's Management Council, the senior-most interagency group that includes the deputy secretaries from the major executive departments and agencies.

The PMAB builds on the work of the President's Accountable Government Initiative and the 2010 White House Forum on Modernizing Government, which brought together 50 of the country's top Chief Executive Officers. That group shared ideas about adapting their proven techniques and practices to spark improvements in efficiency and effectiveness across the government.

In announcing his intention to nominate Solso and the other members of the Presidential Management Advisory Board, President Obama said: "I am grateful that these impressive individuals have chosen to dedicate their talents to serving the American people at this important time for our country. I look forward to working with them in the months and years ahead to deliver a government that's more affordable, effective and efficient."

Solso, 64, has been Chairman and CEO of Cummins since January 2000 and has been with the Company since 1971. In addition to his role at Cummins, Solso is active in a number of public policy organizations.

He serves as the U.S. Chair of the U.S.-Brazil CEO Forum, formed by the governments of both countries in 2007 to improve economic ties between the United States and Brazil. He is a founding member of the American Energy Innovation Council, which was created in 2010 to advocate for clean energy technology development in the United States. He also is a board member of the Initiative for Global Development, an organization committed to reducing poverty worldwide through economic development.

In addition to Solso, the other prospective nominees to PMAB are:
Greg Brown, President and CEO of Motorola Solutions, Inc.; Sam Gilliland, Chairman and CE) of Sabre Holdings; Jeffrey B. Kindler, former Chairman and CEO of Pfizer, Inc.; Debra L. Lee, Chairman and CEO of BET Networks; Gail J. McGovern, President and CEO of the American Red Cross; Shantanu Narayen, President and CEO of Adobe Systems, Inc.; Enrique Salem, President and CEO of Symantec Corp.; Elizabeth A. Smith, CEO of OSI Restaurant Partners, LLC; and Ronald A. Williams, Chairman of Aetna Inc.

Editor's Note: All media inquiries about the President's Management Advisory Board should be directed to Moira Mack, Press Secretary at the White House Office of Management and Budget at mmack@omb.eop.gov or (202) 395-7254.

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 40,000 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 6,000 dealer locations. Cummins earned $1.0 billion on sales of $13.2 billion in 2010. 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 10, 2011