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June Business News
Group Presidents Rich Lavin and Steve Wunning will be responsible for leading Caterpillar’s machine businesses. They will lead divisions supporting machine product design and development, focused industry sales execution and a greater emphasis on quality and manufacturing excellence. Recognizing the growth potential and opportunities for Caterpillar in the key emerging markets of Asia, Lavin will relocate to Asia later this year to provide senior executive leadership in this critical region of the world.
Group President Stu Levenick will be responsible for leading an enhanced focus on aggressively growing Caterpillar's aftermarket parts and product support capabilities, its logistics business, remanufacturing and components, as well as its global marketing and distribution organizations, which directly support Caterpillar's global dealer organization.
Group President Gerard Vittecoq will be responsible for Caterpillar's growing energy and power systems business. This includes Caterpillar's engine, turbines, gas and marine, electric power systems businesses and its wholly owned subsidiary, Progress Rail.
Group President and CFO Ed Rapp will be responsible for leading many of Caterpillar’s services divisions, which provide support and services across the entire Caterpillar enterprise.
In addition to the new corporate structure, Caterpillar announced that several vice presidents will retire from the company on June 1, including Dave Burritt, Caterpillar’s vice president and CFO; Jim Water, vice president of Caterpillar's Production Center of Excellence Division; Mark Pflederer, vice president with responsibility for the Electronics and Machine Systems Division; Dan Murphy, vice president of the Global Purchasing Division; and Rod Beeler, vice president of the Marketing & Product Support Center of Excellence, who will be replaced by Steve Gosselin, currently president of Solar Turbines, a wholly-owned Caterpillar subsidiary. Jim Umpleby will replace Gosselin as a Caterpillar vice president and president of Solar Turbines.
Caterpillar is creating the Integrated Manufacturing Operations Division with responsibility for operations located in East Peoria, Decatur and Aurora, IL; Monterrey and Torreon, Mexico; Peterlee, U.K. and Thiruvallur, India, with David Bozeman, vice president, leading the new division.
Effective June 1, the Core Components Division will be consolidated with Caterpillar’s Remanufacturing Division with Steve Fisher, currently vice president, Remanufacturing Division, leading the newly expanded division.