People - Jim Umpleby new CEO for Caterpillar
- December 19, 2016
Caterpillar, which has one of the largest reman operations in the world, is to have a new boss: chairman and CEO Doug Oberhelman is to retire in March 2017. He will be replaced as CEO by Jim Umpleby on January 1, while Dave Calhoun becomes non-executive chairman of the board. Oberhelman has been with Caterpillar for more than 41 years, while Umpleby is himself a 35-year veteran of the company. He is currently group president with responsibility for energy & transportation.
“Our people have heard me say many times that my greatest responsibility as chairman and CEO is to manage Caterpillar for today and position the company and its future leaders for long-term success,” Oberhelman says. “It has been an honour and a privilege to lead this company, and I am confident in the choice of my successor.”
Umpleby joined Caterpillar subsidiary Solar Turbines in San Diego in 1980 and has had roles in engineering, manufacturing, sales, marketing and customer services, including stints in Singapore and Kuala Lumpur, Malaysia. “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,” he says. “I look forward to leading our dedicated team as we build upon the accomplishments of those that have come before us.”