After 24 years of service to Caterpillar, Doug Hoerr, Vice President of the Material Handling & Underground Division (MH&U), has elected to retire from the company. Caterpillar’s board of directors has appointed a new Vice President, and the company is also announcing new responsibilities for three current Vice Presidents.
“For more than 20 years of his career with Caterpillar, Doug worked in a wide range of accounting and finance roles with increasing levels of responsibility and global scope,” said Jim Umpleby, Caterpillar CEO. “In 2012, Doug was named group CFO for Customer & Dealer Support, a position he held until being named a Caterpillar vice president in 2015.”
In his role as CFO for Customer & Dealer Support, Hoerr was instrumental in coordinating key elements of the Across the Table initiative, which drove improved performance and alignment between Caterpillar and the worldwide dealer network. Most recently within MH&U, Hoerr led the execution of Caterpillar's Operating & Execution Model resulting in restructuring of the MH&U operational footprint as well as the product portfolio.
In addition, Caterpillar has announced changes in responsibilities for current Caterpillar Vice Presidents Tom Bluth, Jean Savage and Karl Weiss, which will be effective 1 August 2017.
Bluth, who is currently Vice President of the Surface Mining & Technology Division (SM&T), will become Caterpillar’s Chief Technology Officer (CTO) and the Vice President of the Innovation & Technology Development Division (ITDD).
Savage, who is currently Caterpillar’s CTO and the Vice President of ITDD, will become the Vice President of SM&T.
In 2013, Karl Weiss was named a Caterpillar vice president for the Earthmoving Division, the position he still holds today. Weiss will become the vice president of MH&U, replacing Hoerr.
Caterpillar’s board of directors has appointed Frederic Istas, currently aftermarket solutions global manager for Caterpillar’s Global Aftermarket Solutions Division, to the position of Vice President of the Earthmoving Division.
“Building on his more than 20 years with Caterpillar, Frederic brings strong product management leadership experience from previous roles in the United States and Europe, as well as product support and marketing experience to this role,” Umpleby said.
Read the article online at: https://www.globalminingreview.com/finance-business/29062017/corporate-changes-at-caterpillar/