Caterpillar Inc. Announces Executive Changes, Effective May 1, 2019
April 12, 2019 at 08:30 pm IST
Share
Caterpillar Inc. announced that officer changes to further support execution of the enterprise strategy, including an emphasis on the company's focus on services. All changes are effective May 1, 2019. Tom Bluth, currently vice president of the Innovation & Technology Development Division (ITDD), will transition to vice president of Legal Aftermarket Support. This new role leads the legal teams responsible for intellectual property protection & enforcement as well as the legal purchasing center of excellence. Karl Weiss, currently vice president of the Material Handling & Underground Division (MH&U), will now lead ITDD and serve as Chief Technology Officer for the company. The company board of directors has also appointed Rob Hoenes, to succeed Weiss as vice president of MH&U. Hoenes is currently part of the Earthmoving Division, serving as worldwide product manager for the medium track-type tractor product group.
Caterpillar Inc. is the world's leading producer of mining construction and operation equipment, diesel and natural gas motors, and industrial gas turbines. Net sales break down by activity as follows:
- sale of machines and motors (94.5%): terracing and construction machines (power shovels, high-lifts, bulldozers, etc.), agricultural and forestry tractors, motors and turbines (for heavy trucks, boats, industrial machines, and power stations), conveyer systems, hydraulic circuits and components, etc.;
- financial services (5.2%) ;
-other (0.6%).
Net sales are distributed geographically as follows: North America (51.6%), Europe/Africa/Middle East (20.4%), Asia/Pacific (18.1%) and Latin America (9.9%).