Caterpillar Announces Leadership Transition

In a significant move, Caterpillar has announced that Joe Creed, currently the Chief Operating Officer, will take over as the new CEO starting May 1. This marks a pivotal moment for the global manufacturing giant as it ushers in a new chapter under Creed's leadership.

A Legacy of Leadership

D. James Umpleby III, the outgoing Chairman and CEO, will transition to the role of Executive Chairman of the Board, ensuring a smooth handover. Creed, with his 28 years of dedication to Caterpillar, is poised to bring fresh perspectives to the helm.

From Finance to the Forefront

Joining Caterpillar in 1997, Creed's journey through the ranks is a testament to his expertise and commitment. His roles have spanned from Chief Financial Officer for the Energy & Transportation segment to Vice President of the Finance Services Division, showcasing a breadth of experience that will undoubtedly benefit Caterpillar's future.