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

  • Export focus for XCMG, with Latin America as key territory
    November 13, 2014
    Exports are crucial to XCMG’s growth and its aim to becoming a dominant player in the worldwide construction machinery market – Mike Woof writes One of China’s biggest construction equipment manufacturers, XCMG has a high profile, and particularly in the country’s home market. XCMG is a leader in key equipment categories such as concrete pumping and lifting technologies. The firm’s 4,000tonne crawler crane introduced two years ago has already proven its worth in a massive industrial construction appl
    Read More
  • Export focus for XCMG, with Latin America as key territory
    January 6, 2017
    Exports are crucial to XCMG’s growth and its aim to becoming a dominant player in the worldwide construction machinery market – Mike Woof writes One of China’s biggest construction equipment manufacturers, XCMG has a high profile, and particularly in the country’s home market. XCMG is a leader in key equipment categories such as concrete pumping and lifting technologies. The firm’s 4,000tonne crawler crane introduced two years ago has already proven its worth in a massive industrial construction appl
    Read More
  • Attitude is key to sustainability, says Volvo CE’s Thomas Bitter
    June 27, 2018
    Whether you are in the global Volvo Ocean Race or working on-site locally, sustainability is about attitude as much as technology. David Arminas reports. Technology, sustainability and safety. We ignore these often related themes at our peril. This was the key point made by Volvo Group chief executive Martin Lundstedt during his brief opening presentation at the start of the Building Tomorrow Conference in Spain last October. The conference took place within the harbour of Alicante that was bustling wit
    Read More
  • Astec Industries emphasises innovation at Conexpo 2014
    January 6, 2017
    Astec Industries, which is showcasing 45 pieces of equipment at this week’s Conexpo 2014, most of it new or upgraded, has outlined its plans for the future with president and CEO Ben Brock stressing that the group is going on a major export drive.
    Read More

Highlighted Content