Caterpillar Inc. this week announced that three long-time vice presidents, Steve Fisher, Steve Larson and Bill Rohner, have elected to retire. Choosing from a mix of veteran company leaders and executives with outside expertise and experience, the board of directors appointed four new vice presidents, and announced changes in responsibilities for other existing vice presidents.
After more than 35 years with Caterpillar, Steve Fisher, vice president of the Large Power Systems & Growth Markets Division, has elected to retire, effective Feb. 1, 2014.
"Steve Fisher's legacy at Caterpillar is the integral part he played in growing and diversifying our remanufacturing business, including his leadership in acquiring Progress Rail Services, which preceded the acquisition of EMD, placing Caterpillar in a unique position to serve the rail industry with a broad range of locomotives and services," said Jim Umpleby, Caterpillar group president with responsibility for Energy & Power Systems. "Steve also provided outstanding executive leadership as Caterpillar integrated Bucyrus International, the largest acquisition in Caterpillar's history."
Tana Utley, currently vice president of the Industrial Power Systems & Growth Markets Division, will replace Fisher as vice president, Large Power Systems & Growth Markets Division. Utley's move to the new position is effective Oct. 1. In conjunction with this leadership change, Caterpillar is realigning parts of its reciprocating engine business to better align engine products with global customer requirements. As a result, the Large Power Systems & Growth Markets led by Utley will be accountable for all Caterpillar and Perkins brand engines above 18 liters.
The board of directors appointed Ramin Younessi to replace Utley as vice president with responsibility for the Industrial Power Systems & Growth Markets Division. In conjunction with this leadership change, Caterpillar is also realigning parts of its reciprocating engine business to better align engine products with global customer requirements. As a result, the Industrial Power Systems & Growth Markets Division to be led by Younessi will be accountable for all Caterpillar and Perkins brand engines 18 liters and below. Consistent with this change, several facilities that have been part of Caterpillar's Large Power Systems & Growth Markets Division will move to become part of the Industrial Power Systems & Growth Markets Division.
"Ramin brings more than two decades of outside senior leadership experience to Caterpillar, with previous executive responsibility for global truck and engine engineering, quality, purchasing, advance technology and product planning with Navistar, and executive leadership positions in product development and planning for Daimler AG's commercial vehicle division," said Umpleby.
Steve Larson, vice president of the Parts Distribution & Diversified Products Division, has also elected to retire, effective Feb. 1, 2014, after more than 34 years with Caterpillar.
"Steve will be remembered for his thoughtful leadership within Caterpillar and his strong customer focus during a diverse 34-year career that included leadership positions in finance, as a product manager, a district and regional manager and finally for the last nine years as a senior executive and leader that helped to transform our logistics business," said Stu Levenick, Caterpillar group president with responsibility for Customer & Dealer Support. "Steve played a critical role in the successful divestiture of a majority interest in Caterpillar Logistics Services in 2012, and over the last several years, he has guided the build out, modernization and expansion of the Cat parts distribution network including the opening of four new facilities in the United States, as well as new facilities in Australia, Dubai and Mexico."
Concurrent with Larson's retirement, Caterpillar is realigning the Parts Distribution & Diversified Products Division with the Customer Services Support Division, which is led by vice president Steve Gosselin. The Customer Services Support Division is focused on aggressively growing Caterpillar's parts and product support. The division develops and supports deployment of parts and service products, processes and programs for the company’s dealers. Including Caterpillar Parts Distribution this division will form a single global parts organization that will allow a seamless Caterpillar focus on supporting customer requirements for product support, the company said.
Bill Finerty, currently vice president of Americas Distribution Services Division, will assume responsibilities for the newly realigned Diversified Products Division, which includes Caterpillar's global paving products, forestry products, defense and federal products, OEM Solutions group, Cat Tunneling, and the industrial and waste group. In addition, Caterpillar's on-highway truck group will move from the Customer Services Support Division to become part of the Diversified Products Division. The changes for the Diversified Products Division and the Customer Services Support Division will be effective Oct. 1.
The board appointed Pablo Koziner, currently east region manager in the Americas Distribution Services Division, to replace Finerty as vice president of the Americas Distribution Services Division.
After more than 41 years with Caterpillar, Bill Rohner, vice president of the Electric Power Division, has elected to retire, also effective Feb. 1, 2014.
"During his remarkable 41 year career with Caterpillar that included postings in Brazil, Japan and a variety of locations in the United States, Bill developed deep expertise in manufacturing and business operations, culminating in his appointment as the first Caterpillar vice president for the Electric Power Division," Umpleby said. "In 10 years leading our Electric Power Division, Bill has successfully grown the scope of this business while adjusting to the increasingly competitive environment and positioning the business to compete and win electric power customers in growth markets. Bill also played a critical role in the acquisition and integration of the MWM engine business into Caterpillar."
Caterpillar's board appointed Steve Niehaus to replace Rohner as vice president with responsibility for the Electric Power Division. Niehaus is currently the retail general manager for the Electric Power Division.
"Steve brings extensive global expertise to this position, having previously served in jobs in Caterpillar's engine and electric power businesses in Brazil, Singapore, Saudi Arabia and the United States," Umpleby said. "Steve has a proven track record running large parts of the electric power business for Caterpillar in the last several years where he has become known for his values-based leadership style."
To improve the strategic planning process across the company, the board appointed Mike DeWalt, currently corporate controller, as vice president of the newly created Strategic Services Division. The Strategic Services Division includes strategic planning, mergers and acquisitions, investor relations, economics, business risk management and competitive analysis. The Strategic Services Division will lead the strategic planning process — from underlying economics to development of corporate strategy with Caterpillar's executive office, to linking the company's strategy to Caterpillar's business units, through the implementation of growth strategies that involve M&A, and communication of strategy and execution to Caterpillar's shareholders.
"In a career spanning 32 years with Caterpillar, DeWalt has developed a reputation as one of the company's most respected strategic thinkers with a deep and broad understanding of all of Caterpillar's businesses,” said Brad Halverson, Caterpillar group president and chief financial officer. “He also has built deep expertise within our accounting and financial operations, which will serve the company and its shareholders well as he assumes this new strategic role."
Jill Daugherty, currently group chief financial officer, Energy & Power Systems Division, will replace DeWalt as corporate controller. Daugherty will have responsibility for corporate accounting, forecasting and enterprise cost and business analysis.
Headquartered in Peoria, Ill., Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.