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

  • India's first construction event a huge success
    April 5, 2012
    The first bC India event has exceeded all expectations and it is set to become a regular event. Patrick Smith reports A major new construction equipment show has been launched in a nation with a huge appetite for such machinery and a growth rate nudging 9% each year. With billions being spent on infrastructure (roads and highways, power stations, railways, ports and airports), India was a prime candidate for a trade fair to display the latest and local international construction machinery, building materia
    Read More
  • India's first construction event a huge success
    February 13, 2012
    The first bC India event has exceeded all expectations and it is set to become a regular event. Patrick Smith reports A major new construction equipment show has been launched in a nation with a huge appetite for such machinery and a growth rate nudging 9% each year. With billions being spent on infrastructure (roads and highways, power stations, railways, ports and airports), India was a prime candidate for a trade fair to display the latest and local international construction machinery, building materia
    Read More
  • New CECE president takes over
    January 10, 2020
    Niklas Nillroth has taken over as president of European construction equipment association CECE, starting from January 1 this year.
    Read More
  • IRF Honorary and Outreach Committees approve plans for 17th World Meeting & Exhibition in Riyadh
    November 27, 2012
    The Honorary and the Outreach Committees of the 17th IRF World Meeting & Exhibition held their first meetings in Paris, France to review the management plan and concept program of what promises to be the most important global event for the road industry in 2013. The Honorary Committee, chaired by current IRF chairman and mayor of Riyadh H.E. Eng. Abdullah Al-Mogbel, and representation of each major region of the world, met in Paris on September 7 at the headquarters of the well-known French firm Colas. Asse
    Read More

Highlighted Content