Caterpillar announces officer changes
DEERFIELD - Caterpillar Inc. announced today several officer moves including changes in responsibilities for three Executive Office members, new roles for two current vice presidents and the appointment of two new vice presidents. All changes are effective March 1.
"These organizational changes will facilitate the acceleration of our strategy for continued profitable growth," said Caterpillar Chairman and CEO Jim Umpleby.
After four years as group president separately leading the Construction Industries and Energy & Transportation segments, Tom Pellette has elected to return to San Diego, California for family reasons. Pellette will serve as president of Solar Turbines, a wholly owned subsidiary of Caterpillar and a global leader in the design, manufacture and service of gas turbine systems and compressors for the oil and gas and power generation industries. He previously spent more than 20 years in the division. Pellette will also serve as strategic adviser to the Caterpillar Executive Office.
Ramin Younessi, currently group president of Energy & Transportation, will transition to lead Construction Industries. Younessi, with more than 30 years of leadership inside and outside of Caterpillar, will now have responsibility of the company's Earthmoving, Excavation, Building Construction Products, China Operations and Global Construction & Infrastructure divisions, as well as Global Rental and Used Equipment Services.
Billy Ainsworth, current senior vice president of the Caterpillar Rail Division and CEO of Progress Rail, will now become the group president of the Energy & Transportation segment. Since 2017, Ainsworth has served as strategic adviser to the Caterpillar Executive Office in addition to his responsibilities for the Rail Division.
"Billy's customer focus, entrepreneurial background and deep aftermarket experience will continue to benefit the Energy & Transportation business," said Umpleby.
To better serve our customers, Caterpillar is separating the current Global Power Systems Divisions into two new industry focused divisions: Oil, Gas and Marine Division and Electric Power Division. These two new divisions will be led by the following Caterpillar vice presidents:
Joe Creed, current vice president of Caterpillar's Finance Services Division, will become the new vice president of the Oil, Gas and Marine Division. He also most recently served as interim Chief Financial Officer for the company. Prior to his leadership in Caterpillar's finance functions, Creed worked in the company's engine and machine businesses.
Pablo Koziner, current vice president of Caterpillar and President of Solar Turbines, will become the new vice president of the Electric Power Division. He has nearly 20 years of experience in various roles around the world, the last six as a vice president.
Caterpillar's board of directors has appointed Marty Haycraft to succeed Ainsworth as vice president of Caterpillar's Rail Division and CEO of Progress Rail. The company's board of directors has also appointed Kyle Epley as vice president of the Finance Services Division. He currently serves as corporate controller where he has responsibility for business analysis, competitive analysis, economics, strategic planning and operating & execution model governance.