![]() ![]() “I have been privileged to work with Caterpillar employees and dealers in supporting our customers as they develop the world’s infrastructure and improve standards of living and quality of life,” Umpleby said in a statement. Umpleby’s replacement as president of Energy & Transportation will be named at a later date. In 2013 he became a Caterpillar group president and a member of Caterpillar’s Executive Office. In 2010 he was elected as a Caterpillar vice president and the president of Solar Turbines. He joined Solar Turbines Incorporated, a San Diego-based, wholly owned subsidiary of Caterpillar that manufactures industrial gas turbine systems, in 1980. ![]() ![]() “It has been an honor and a privilege to lead this company, and I am confident in the choice of my successor, Jim Umpleby.”Ĭaterpillar’s next CEO Umpleby is also a company veteran, having spent 35 years with the company. “Our people have heard me say many times that my greatest responsibility as chairman and CEO is to manage Caterpillar for today and position the company and its future leaders for long-term success,” Oberhelman said in a statement. At that point, Cat President of Energy & Transportation Jim Umpleby will take over as CEO, and current board member Dave Calhoun will become the board’s non-executive chairman. Oberhelman will oversee the company and its board until March 31, 2017. Caterpillar has announced successors for both the CEO post and Oberhelman’s role at the head of the board. Caterpillar chairman and chief executive officer Doug Oberhelman has announced that he will retire next year, bringing an end to a 41-year career with the company. ![]()
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