CEO Oberhelman To Leave Caterpillar
(Peoria, IL) — Caterpillar CEO Doug Oberhelman is ending a 40-year-plus career with the company when he retires next year. The 63-year-old Oberhelman has been CEO since 2010 and will be replaced January 1st by Jim Umpleby, currently the president of Caterpillar’s energy and transportation group. Under Oberhelman, Caterpillar purchased mining equipment maker Bucyrus International in 2011, but the subsequent worldwide slump in commodities prices forced Caterpillar into layoffs and restructuring.
David Stewart/sks IL) NYC) WDC)
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