Caterpillar Inc. announced that Frank Crespo, Caterpillar vice president of Global Supply Network Division (GSND), has elected to retire. In connection with this retirement, the GSND organization will be consolidated into existing divisions within the company. Crespo joined Caterpillar in 2010, and since then he has led the procurement teams, along with global suppliers, to achieve world-class procurement processes and deliver on customer commitments. Prior to joining Caterpillar, Crespo was Vice President and Chief Procurement Officer with Honeywell International Inc. At Honeywell, he had responsibility for setting strategic direction, developing and managing the supplier base, driving supplier alliance relationships, and building and delivering people excellence within the organization. Crespo's retirement is effective February 1, 2018.