Two individuals have been elected to succeed Oberhelman once his retirement comes into effect.
Jim Umpleby will step up as Caterpillar’s next CEO, while Dave Calhoun will fill the chairman role in a non-executive capacity.
Caterpillar incoming CEO
Umpleby is no stranger to Caterpillar and is currently the company group president for energy and transportation. Umpleby has been with Caterpillar for 35-years and he will take on the CEO role on 1 January 2017.
“For more than 91 years, Caterpillar equipment has been renowned for its quality, durability, innovation and value,” Umpleby said.
“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. I look forward to leading our dedicated team as we build upon the accomplishments of those that have come before us,” he added.
Caterpillar incoming chairman
Meanwhile, current Caterpillar board member Calhoun will step into the non-executive chairman position at the end of March 2017, when Oberhelman’s retirement comes into effect.
Current presiding director of the Caterpillar board Ed Rust said the board had a “succession planning process” for critical management roles.
“One of our top priorities as a board is developing a strong pipeline of senior leaders. Discussions are held throughout each year, and today’s announcement is the result of these ongoing and deliberate board discussions,” Rust said.
Resolute Equipment is a proud supplier of quality Caterpillar heavy machinery, parts and components to Australia’s mining, energy, construction and agriculture sectors.
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