Caterpillar's Leadership Transition

In a significant move, Caterpillar Inc. has announced that Joe Creed, currently the Chief Operating Officer, will take over as the new CEO starting May 1. This decision marks a pivotal moment for the global manufacturing giant as it prepares for the next chapter in its illustrious history.

From COO to CEO: Joe Creed's Journey

Joseph E. Creed, a seasoned executive with 28 years of service at Caterpillar, is set to succeed D. James Umpleby III, who will transition to the role of Executive Chairman of the Board. Creed's extensive experience within the company, including his tenure as Chief Financial Officer for the Energy & Transportation business segment and Vice President of Caterpillar's Finance Services Division, underscores his readiness for this leadership role.

A Legacy of Leadership

D. James Umpleby III's move to Executive Chairman signifies a continuation of his impactful leadership, ensuring a smooth transition and steady guidance for Caterpillar during this period of change. The company looks forward to building on its legacy of innovation and excellence under Creed's stewardship.