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Cummins creates ethics and compliance department

Feb. 24, 2012 - Cummins has announced it is creating an Ethics and Compliance organization with officer-level leadership and accountability, and has named deputy general counsel Mark Sifferlen to this role. Sifferlen, who has been with Cummins since 2000, will become the company’s first vice-president of 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.


February 23, 2012
By Cummins Inc.

The
new Ethics and Compliance organization was created to ensure the company maintains high ethical standards as it grows globally. The
task of ensuring the company complies with its 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 CEO. “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 the 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.

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