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Tuesday, November 13, 2018

Caterpillar Inc News

Redzic Joins Caterpillar as Digital Enabled Solutions VP

The board of directors of Caterpillar Inc. has appointed Ogi Redzic as a vice president to lead the company’s Digital Enabled Solutions Division (DESD), effective July 30, 2018. He will be based in Caterpillar's Chicago office and report to Group President of Customer & Dealer Support Bob De Lange.DESD is comprised of the company's data analytics group, the enterprise data hub, equipment management tools, Cat Connect technologies and customer experience portals.Redzic takes over for Caterpillar Vice President Julie Lagacy, who has led DESD on an interim basis. Lagacy will continue in

Caterpillar's Vice President, Randy Krotowski, Quits

Caterpillar Inc. (NYSE: CAT) announced that Randy Krotowski, vice president with responsibility for the Global Information Services (GIS) Division and the company’s Chief Information Officer (CIO), has elected to resign from the company to pursue other opportunities. Krotowski’s departure will be effective today. “Randy has more than 25 years of experience in the information technology field, and we wish him well as he pursues future endeavors,” said Brad Halverson, Caterpillar group president with responsibility for the Corporate Services Division. Caterpillar will

Brad Halverson (Photo: Caterpillar)

Caterpillar CFO to Retire in 2018

 Caterpillar Inc. will begin its global, external search for a new chief financial officer after it announced that group president and CFO Brad Halverson has elected to retire in early 2018, concluding a career spanning more than three decades with the company.   Halverson will continue working into early 2018 and will help ensure a smooth transition for the new CFO.   Prior to becoming CFO, Halverson served two years as vice president of the Finance Services Division, and before that position, he was the corporate controller.     Halverson joined Caterpillar in 1988 as

New Vice Presidents at Caterpillar

  Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. today announced related changes at the vice president level, including the retirement of Vice President Steve Gosselin. Steve Gosselin Retirement After more than 35 years of outstanding service with the company, Steve Gosselin, 56, vice president with responsibility for the Customer Services Support Division, has elected to retire. Gosselin’s retirement will be effective February 1, 2015. “Much of Steve’s career

Vice Presidents Rejig at Caterpillar Inc

Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. (NYSE: CAT) today announced related changes at the vice president level, including the retirement of Vice President Steve Gosselin. Steve Gosselin Retirement After more than 35 years of outstanding service with the company, Steve Gosselin, 56, vice president with responsibility for the Customer Services Support Division, has elected to retire. Gosselin’s retirement will be effective February 1, 2015. “Much of Steve’s

Caterpillar May Cut up to 10,000 Jobs

Caterpillar Inc said it could cut up to 10,000 jobs through 2018 as part of its restructuring and cost reduction plans to save up to $1.5 billion annually. The company said on Thursday that it would cut 4,000-5,000 jobs by the end of 2016, most of them in 2015. Caterpillar had 114,233 employees as of Dec. 31, according to Thomson Reuters data. (Reporting by Ankit Ajmera in Bengaluru)

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Caterpillar Rejigs Top Deck

  Caterpillar Inc. today announced the following officer changes effective January 1, 2015:  * Julie Lagacy will become the company’s Chief Information Officer and vice president with responsibility for the Global Information Services Division;  * Mike DeWalt will become vice president with responsibility for the Finance Services Division; and  * Doug Hoerr has been appointed as vice president with responsibility for the Strategic Services Division. Julie Lagacy Caterpillar’s Board of Directors has appointed Julie Lagacy, a 26-year veteran of the company and

Caterpillar CEO to Retire, Successor a Company Veteran

Caterpillar Inc insider Jim Umpleby will become chief executive of the heavy equipment maker on Jan. 1, faced with the challenge of reversing a multiyear sales decline triggered by the global commodities slump.   He replaces Doug Oberhelman, who will retire as CEO on Dec. 31 but stay on as executive board chairman until March 31, the company said on Monday.   Caterpillar shares were down about 0.58 percent to $87.20.   Under Oberhelman the company recorded record high revenue in 2012, two years after he became CEO. However, a decline in metals and oil prices hit the company hard

Andrew Bonfield (Photo: Caterpillar Inc.)

Caterpillar Names Bonfield CFO

Caterpillar Inc. announced today its board of directors has appointed Andrew Bonfield as chief financial officer (CFO) effective September 1, 2018. Bonfield will succeed Brad Halverson, whose retirement became effective May 4, 2018.Bonfield brings more than three decades of financial expertise to the role, most recently serving as Group CFO and board member of National Grid plc, a British multinational electricity and gas utility company.Prior to Bonfield's eight years at National Grid, he was CFO at British confectionary company Cadbury plc. From 2002 to 2008, he was executive vice president and

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