Further changes to Cat’s management team

Caterpillar has announced that the vice president of its material handling & underground division, Doug Hoerr, will retire on 1 August, following three other vice presidents, who announced their retirements earlier this month.

Mr Hoerr joined Caterpillar in 1993 after working for the accounting firm of McGladrey. Since joining Caterpillar, he has held numerous positions of increasing responsibility in accounting, business analysis and business resources.

In 2012, he was named group chief financial officer for customer & dealer support. On 1 January, 2015, Mr Hoerr became a Caterpillar vice president.

Mr Hoerr will join Paolo Fellin, Greg Folley and George Taylor, who all announced their retirements – effective 1 August – on 16 June.

Jim Umpleby, Caterpillar CEO, said, “For more than 20 years of his career with Caterpillar, Doug worked in a wide range of accounting and finance roles with increasing levels of responsibility and global scope.

“In 2012, Doug was named group CFO for Customer & Dealer Support, a position he held until being named a Caterpillar vice president in 2015.”

The company has also announced changes in responsibilities for current Caterpillar vice presidents Tom Bluth, Jean Savage and Karl Weiss. These changes will be effective 1 August, 2017.

Mr Bluth, who was first named a vice president in 2007 and is currently vice president of the surface mining & technology division (SM&T), will become Caterpillar’s chief technology officer (CTO) and the vice president of the innovation & technology development division (ITDD).

Meanwhile, Ms Savage, who was first named a Caterpillar vice president in 2014 and is currently Caterpillar’s CTO and the vice president of ITDD, will become the vice president of SM&T.

Finally, Mr Weiss – who was named a Caterpillar vice president for the earthmoving division in 2013 – will become the vice president of MH&U, replacing Mr Hoerr.

Elsewhere, Caterpillar has named Frederic Istas as its new vice president of the earthmoving division.