Caterpillar reorganizes executive ranks
Caterpillar revealed a number of changes that will be made in its executive ranks.
As announced earlier this year, Jim Umpleby will become the company’s CEO. Tom Pellette, current construction industries group president, will take Umpleby’s place as group president of energy and transportation.
“To this role, Tom brings broad and global experience serving customers in the oil and gas and power generation markets,” Umpleby says. “Since joining Caterpillar’s executive office leading construction industries in 2015, Tom has delivered strong results while operating in a very challenging economic climate. Tom’s proven track record of effective leadership, combined with his extensive global experience serving customers, gives me great confidence as he takes on this new role.”
In addition, Bob De Lange will take over Pellette’s position as group president of construction industries and Billy Ainsworth will become senior vice president and strategic advisor to the Caterpillar executive office. In addition to his new responsibilities, Ainsworth will continue to have responsibility for the company’s rail division.
All of these changes will go into effect Jan. 1, 2017.