AP NEWS

Incoming Caterpillar CEO brings 3 decades of experience

October 22, 2016

PEORIA, Ill. (AP) — Caterpillar Inc. officials say the company’s new CEO is bringing experience in the global markets and an understanding and respect for the company’s place in central Illinois.

The Journal Star reports (http://bit.ly/2etsuj4 ) that the construction and mining equipment company announced Monday that Jim Umpleby will replace Doug Oberhelman as CEO on Jan. 1. Oberhelman will retire March 31.

Umpleby has worked at Caterpillar for more than three decades. He’s currently president of the company’s energy and transportation group, which reported $17.9 billion in sales last year.

Umpleby has worked in several positions in the U.S. and Asia, including assignments in Singapore and Kuala Lumpur.

Caterpillar spokeswoman Rachel Potts says Umpleby has deep roots in the Peoria area and is committed to making Caterpillar stronger.

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Information from: Journal Star, http://pjstar.com