Caterpillar Inc. announced that E. Jean Savage, currently vice president of the Surface Mining & Technology Division, has elected to retire. The company also announced that Savage, a member of the company's Board of Directors, has been appointed Chief Executive Officer and President, effective February 17, 2020. Savage's retirement is effective February 14, 2020.

Savage joined Caterpillar in 2002 and held numerous leadership roles in Caterpillar's Progress Rail division, before being named vice president of Advanced Components and Systems division in 2014. Savage went on to lead the Innovation and Technology division before being named vice president of Surface Mining and Technology division in 2017.