Caterpillar CEO Doug Oberhelman retiring

Caterpillar chairman and CEO Doug Oberhelman is retiring after more than 41 years with the company. This will become effective from March 31st, 2017. During his time as chairman and CEO, Oberhelman has boosted the company’s focus on serving customers while also driving a culture of quality and safety. Oberhelman led the company to its highest sales and revenue peak in its 91-year history in 2012, and, since that time, has successfully led the company through the unprecedented downturn affecting our key indu
October 17, 2016 Read time: 2 mins
Caterpillar chairman and CEO Doug Oberhelman is retiring
178 Caterpillar chairman and CEO Doug Oberhelman is retiring after more than 41 years with the company. This will become effective from March 31st, 2017. During his time as chairman and CEO, Oberhelman has boosted the company’s focus on serving customers while also driving a culture of quality and safety. Oberhelman led the company to its highest sales and revenue peak in its 91-year history in 2012, and, since that time, has successfully led the company through the unprecedented downturn affecting our key industries.

In his stead, the company’s board of directors has elected Jim Umpleby, currently a Caterpillar group president with responsibility for Energy & Transportation, to succeed Oberhelman as CEO. Umpleby has worked for the firm for 35 years and will join the Caterpillar board of directors and become CEO from January 1st, 2017. He joined Solar Turbines Incorporated in San Diego, California, in 1980. Solar is a wholly owned subsidiary of Caterpillar and is one of the world’s leading manufacturers of industrial gas turbine systems. Early in his career, he held numerous positions of increasing responsibility in engineering, manufacturing, sales, marketing and customer services. Umpleby lived in Asia from 1984 to 1990, with assignments in Singapore and Kuala Lumpur, Malaysia. The Caterpillar board of directors elected Umpleby a Caterpillar vice president and President of Solar Turbines in 2010. He was named group president and a member of Caterpillar’s executive office in January 2013.
Finance & Funding

For more information on companies in this article

Related Content

  • Emergent aggregates market vitality
    March 12, 2014
    New research shows the vital importance of emerging markets to the aggregate production industry, while leading aggregate production equipment manufacturers have brought new cutting-edge models onto the market. Meanwhile, recent equipment purchases are playing a key role in boosting the commercial success of customers in France and Malta. Guy Woodford reports Demand for construction aggregates in the Asia/Pacific and Africa/Middle East regions is fuelling global aggregates sales growth, according to the
    Read More
  • Continental presses ahead with company integration programme
    March 1, 2019
    Continental, the German premium on- and off-highway tyre manufacturer and technology company, is pressing ahead with the integration of its tyre services for truck and bus fleet customers. In the newly established Fleet Solutions department, the company’s Truck Tyres Replacement business in Europe, Middle East and Africa (EMEA) is merging its Conti360° Fleet Services business field, which also includes ContiPressureCheck and ContiConnect, with the ContiLifeCycle business field, comprising retreading and c
    Read More
  • Success of toll road operators' conference
    July 12, 2012
    The 37th ASECAP Annual Study and Information Days held in Krakow, Poland, gathered some 300 road transport CEOs, experts and government decision-makers making the event "a huge success." Patrick Smith reports Toll road operators from across Europe have met to discuss the state of their businesses in the current economic climate and how to tackle it. Fabrizio Palenzona, the outgoing President of ASECAP (the European professional Association of Operators of Toll Road Infrastructures) and president of AISCAT (
    Read More
  • CEA ‘Money, Markets and Machines’ conference approaches
    July 22, 2013
    The CEA (Construction Equipment Association) is busy finalising its ‘Money, Markets and Machines’ conference mapping the future of the Construction Equipment industry. As with all the previous CEA conferences, a number of key speakers from the construction and related industries will be sharing their business experiences with like-minded delegates, which include professionals from construction equipment manufacturers, suppliers, distributors, and other associated organisations.
    Read More

Highlighted Content