Srikanth Padmanabhan Selected to Lead Cummins Emission Solutions; Named Cummins Inc. Vice President
COLUMBUS, Ind.--(BUSINESS WIRE)--
Srikanth Padmanabhan, Managing Director of Cummins Generator Technologies for the past four years, has been selected to head Cummins Emission Solutions and has been named a Vice President of Cummins Inc. (NYSE: CMI). He will assume his new role on January 15 and will be based in Columbus.
Cummins Emission Solutions is one of four businesses operating within the Company's Components Group, and has been one of Cummins' fastest-growing businesses since its inception in 2002. The business is expected to triple in sales from 2006 to 2007 to approximately $450 million.
During his 17 years with Cummins, Srikanth, 43, has served in a variety of leadership positions in addition to his current role, including as Country Manager of Cummins Filtration Mexico and Plant Manager at the Cummins Filtration plant in Cookeville, Tenn. He also has held a number of management roles within the Cummins Fuel Systems business in Columbus.
"We are excited to have Srikanth assume responsibility for this important and growing Cummins business," said Rick Mills, Components Group President. "His past experiences will serve him well in his new role as General Manager of Emission Solutions. In addition, he has a proven track record of performance at Cummins as reflected in the recent strong growth in revenue and profits at Cummins Generator Technologies."
Tom Linebarger, President - Cummins Power Generation, added: "Srikanth has made a significant contribution to the success of the Power Generation business and is well prepared for this challenging new role. His past success, strong technical background and focus on process improvement make him a good fit for this job."
Padmanabhan's successor at Cummins Generator Technologies will be named in the near future.
Padmanabhan earned a bachelor's degree in mechanical engineering from the National Institute of Technology in Trichy, India and his doctorate in mechanical engineering from Iowa State University. He also is a graduate of the Harvard Business School's Advanced Management Program.
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 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 January 8, 2008