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Glen Barton, former Caterpillar Inc. Chairman and CEO, died on October 24, 2016 in Peoria, Illinois

Glen Barton, August 1939 - October 2016

Glen Barton, August 1939 – October 2016

Glen Barton, former Caterpillar Inc. Chairman and CEO, died on October 24, 2016 in Peoria, Illinois, at age 77. Barton retired in 2004 after nearly 43 years of Caterpillar service, spending the last five as Chairman and CEO.

“The Caterpillar family is extremely saddened by Glen’s passing,” said Caterpillar Chairman and CEO Doug Oberhelman. “Glen’s legacy of leadership extends far beyond Caterpillar’s walls. His commitment to Peoria and our communities was remarkable. I’ll start with his Caterpillar leadership. He rose through the Caterpillar ranks, starting in 1961 as a college graduate trainee. Under his leadership, Caterpillar fully embraced 6 Sigma. It brought remarkable improvements throughout the company, including an intense focus on quality and safety. We continue that focus today, and 6 Sigma remains our foundation for continuous improvement. We are forever indebted to him for his commitment to making Caterpillar a stronger company.

“And just as important is his unprecedented generosity to the Peoria area. Glen’s dedication and hard work will continue to leave a positive impact for many, many future generations. Together with his wife Polly, Glen was the epitome of philanthropic leaders. He was the driving force behind Quest Charter Academy and a tireless leader and supporter of the Peoria Zoo, the Peoria Playhouse, WTVP and Illinois Central College. Our deepest condolences are extended to Polly and the entire Barton family.”

Barton joined Caterpillar in 1961 and held numerous marketing and general management positions. After two tours with Caterpillar Overseas S.A. in Geneva, Switzerland, where he served in various marketing capacities from 1964 to 1968, and from 1972 to 1975, Barton became manager for South American Sales. In 1977, he became manager of Merchandising Division General Offices. Barton moved to Mentor, Ohio, in 1983 to become the U.S. sales and product support manager for the industrial lift truck division of Caterpillar. From 1984 through 1986, he was manager of Products Control, involved in product development and strategic planning. In 1987, he was elected a vice president of Caterpillar and president of Solar Turbines Incorporated, a wholly owned Caterpillar subsidiary in San Diego, California. In 1989, he became executive vice president with responsibility for worldwide marketing. Effective July 1, 1990, Barton became group president with responsibility for the design, development and production of most of Caterpillar’s extensive line of forest, mining and construction equipment. His responsibilities also included marketing and sales operations in North America, South America, Latin America and Japan. On February 1, 1999, he was named Chairman and Chief Executive Officer.

Barton, a native of Alton, Missouri, graduated from the University of Missouri-Columbia in 1961 with a bachelor’s degree in civil engineering. He completed the Stanford University Executive Program in 1977. He previously served on the Dean’s Engineering Advisory Council at the University of Missouri-Columbia and the boards of directors for Inco Limited and Newmont Mining Corporation. He was also a global advisor to The Conference Board and a trustee of the Malcolm Baldrige National Quality Award Foundation. Barton also served as a member of the Business Roundtable, the Illinois Business Roundtable and the U.S. President’s Export Council.

In 2012, Glen was recognized for helping pave the way for the company’s leadership in the global mining industry with his induction into the National Mining Hall of Fame. The Hall of Fame credits Barton with the foresight to more heavily involve Caterpillar in mining: “Glen Barton’s passion changed the mining industry. His leadership made Caterpillar the world’s leading provider of mining equipment by creating the roots that support the organization today.”

Caterpillar Chairman and CEO Doug Oberhelman Elects to Retire in 2017; Jim Umpleby Elected as Caterpillar’s Next CEO; Dave Calhoun to Become Non-Executive Chairman of the Board

After more than 41 years with Caterpillar Inc. (NYSE: CAT), Chairman and CEO Doug Oberhelman has elected to retire, effective March 31, 2017. During his time as Chairman and CEO, Oberhelman has reinvigorated the company’s focus on serving customers while also driving a culture of quality and safety. Oberhelman led the company to its highest sales and revenue peak in its 91-year history in 2012, and, since that time, has successfully led the company through the unprecedented downturn affecting our key industries.

During Oberhelman’s tenure:

Product quality levels have reached historically high levels.
Market position for machines has significantly increased.
New Lean Management processes have simplified and sped production capabilities, improving product availability for dealers and customers.
The company has increased its quarterly dividend by 83 percent since 2010.
The balance sheet is strong, and at the end of the second quarter of 2016, Caterpillar’s Machinery Energy & Transportation debt-to-capital ratio was 39.0 percent, with $6.764 billion in cash as of June 30, 2016.
Global safety metrics for employees have dramatically improved, with the Recordable Injury Frequency improving each year.

After more than 41 years with Caterpillar Inc., Chairman and CEO Doug Oberhelman has elected to retire, effective March 31, 2017.

After more than 41 years with Caterpillar Inc., Chairman and CEO Doug Oberhelman has elected to retire, effective March 31, 2017.

Caterpillar has been granted nearly 7,300 patents worldwide.
The company dramatically expanded its commitment to lower owning and operating costs for customers by connecting new and existing equipment through digital technology and data analytics.
“Our people have heard me say many times that my greatest responsibility as Chairman and CEO is to manage Caterpillar for today and position the company and its future leaders for long-term success,” Oberhelman said. “It has been an honor and a privilege to lead this company, and I am confident in the choice of my successor, Jim Umpleby.”

“During the last four years, Caterpillar has faced unprecedented global economic conditions that have significantly impacted the industries served by our customers, as those industries and economic growth in many regions around the world have slowed or severely contracted. Faced with these challenges, our employees have responded like champions. We have improved our market position and grown our field population. Our product quality is at historically high levels, and I believe we are leading the industry in digital capabilities. I am confident that Caterpillar is stronger than ever, with product quality, power, technology and innovation that is the envy of our competitors. Add to that lean and agile manufacturing capabilities and an unrivaled global distribution channel. The future is bright,” Oberhelman added.

After more than 41 years with Caterpillar Inc., Chairman and CEO Doug Oberhelman has elected to retire, effective March 31, 2017.
The company’s Board of Directors has elected Jim Umpleby, currently a Caterpillar Group President with responsibility for Energy & Transportation, to succeed Oberhelman as CEO. Umpleby, a 35-year veteran of the company, will join the Caterpillar Board of Directors and become CEO effective January 1, 2017. He joined Solar Turbines Incorporated in San Diego, California, in 1980. Solar, a wholly owned subsidiary of Caterpillar Inc., is one of the world’s leading manufacturers of industrial gas turbine systems. Early in his career, he held numerous positions of increasing responsibility in engineering, manufacturing, sales, marketing and customer services. Umpleby lived in Asia from 1984 to 1990, with assignments in Singapore and Kuala Lumpur, Malaysia. The Caterpillar Board of Directors elected Umpleby a Caterpillar Vice President and President of Solar Turbines in 2010. He was named Group President and a member of Caterpillar’s Executive Office, effective January 2013.

“For more than 91 years, Caterpillar equipment has been renowned for its quality, durability, innovation and value,” Umpleby said. “I have been privileged to work with Caterpillar employees and dealers in supporting our customers as they develop the world’s infrastructure and improve standards of living and quality of life. I look forward to leading our dedicated team as we build upon the accomplishments of those that have come before us.”

Jim Umpleby, currently a Caterpillar Group President with responsibility for Energy & Transportation, will succeed Doug Oberhelman as Caterpillar Inc. CEO, effective January 1, 2017.
Oberhelman will remain as Executive Chairman of Caterpillar until March 31, 2017, when he will retire. Upon Oberhelman’s retirement, Dave Calhoun, a current member of the Caterpillar Board,

Jim Umpleby, currently a Caterpillar Group President with responsibility for Energy & Transportation, will succeed Doug Oberhelman as Caterpillar Inc. CEO, effective January 1, 2017.

Jim Umpleby, currently a Caterpillar Group President with responsibility for Energy & Transportation, will succeed Doug Oberhelman as Caterpillar Inc. CEO, effective January 1, 2017.

will assume the role of Non-Executive Chairman of the Board. Calhoun is Senior Managing Director and Head of Private Equity Portfolio Operations of The Blackstone Group L.P.

Ed Rust, former Chairman and Chief Executive Officer of State Farm Mutual Automobile Insurance Company, and currently Presiding Director of the Caterpillar Board, will remain on the Board, but will no longer hold the title of Presiding Director once Calhoun assumes the role of Non-Executive Chairman.

“The Board has a robust, best-in-class succession planning process for the critical roles of Chairman of the Board and Chief Executive Officer as well as other top executive positions. One of our top priorities as a Board is developing a strong pipeline of senior leaders. Discussions are held throughout each year, and today’s announcement is the result of these ongoing and deliberate Board discussions,” Rust said. “I am certain Jim will continue the superb leadership, which is the hallmark of Caterpillar, in the years to come. I especially want to thank Doug for his strong and outstanding leadership of the company throughout his tenure, particularly in the last four years, when the global economic environment has created unprecedented challenges for Caterpillar. We wish Doug all of the best for a successful retirement following a distinguished and successful 41-year career.”

Calhoun has been a member of the Caterpillar Board of Directors since 2011. In addition to his role with the Blackstone Group, he was previously Executive Chair of Nielsen Holdings N.V. (2014-2015), served as Chairman of the Executive Board and Chief Executive Officer of

Jim Umpleby, currently a Caterpillar Group President with responsibility for Energy & Transportation, will succeed Doug Oberhelman as Caterpillar Inc. CEO, effective January 1, 2017.

Dave Calhoun, a current member of Caterpillar Inc.’s Board of Directors, will assume the role of Non-Executive Chairman of the Board, effective March 31, 2017.

The Nielsen Company B.V. (2006-2013), Vice Chairman of General Electric Company and President and Chief Executive Officer of GE Infrastructure (2005-2006).

“I am honored to take on these new responsibilities with Caterpillar, an iconic and global leader,” Calhoun said. “Following a deliberate succession process, the Board confidently elected Jim as Caterpillar’s next CEO. He reflects the best attributes of Caterpillar’s culture and leadership. I also want to compliment Doug for his outstanding leadership as Chairman and CEO, as the capstone to more than four decades of service. His leadership in the last four years has been remarkable as the company has successfully navigated an incredibly difficult cycle while positioning Caterpillar to take full advantage of the next upturn.”

A replacement for Umpleby will be announced at a later date.

About Caterpillar
For 91 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2015 sales and revenues of $47.011 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments – Construction Industries, Resource Industries and Energy & Transportation – and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.

From: I Maker America –Manufacturing Day is THIS Friday

unknownDear Supporter –

Manufacturing Day is THIS Friday, and the election is only 35 days from today! That’s why we’re asking you to Stand up for Manufacturing and help make a difference on November 8.

Before you vote, click here to get the facts on the manufacturing issues that matter in your state.

From rebuilding our infrastructure to supporting America’s farmers, your vote matters.

Help us spread that message by checking out and sharing these videos on the issues that matter to manufacturers during the campaign season.

Every bit of effort counts! We hope you’ll help us stand up for manufacturing, and help to Make America this election season!

Sincerely,

The I Make America Team

Caterpillar Enters Home and Outdoor Power Market

unknownCaterpillar is entering the home and outdoor power market with the introduction of portable generators — the Cat® RP Series.

The new generators are designed to provide reliable backup or recreational power to residential users and portable power to professional contractors who need to power tools and lights on the job. The initial models of portable generators in the Cat RP Series range in size and power from 3.6 kW to 7.5 kW in North America and 2.5 kW to 4.4 kW in Europe.

This product is available to purchase through a new multi-channel distribution approach — including Cat Dealers, local retailers, and eventually national retailers and wholesalers — which will serve as Cat Home & Outdoor Power Authorized Sales and Service Centers.

cat-rp3600-generator-stand-alone-garage“This is about providing a new customer base with the right solutions for their home and outdoor power needs that reflect the reliability, rugged capabilities and quality with which Cat products are known,” said George Taylor, Caterpillar Vice President with responsibility for the Marketing & Digital Division and the company’s Chief Marketing Officer.

“We want to connect these customers to Caterpillar’s decades of experience in the electric power business, and this new distribution approach means we can do just that,” Taylor explained.

The new products will be introduced to distribution networks in the U.S. and Canada over the remainder of 2016 with a move into European networks late in the year.

cat-rp3600-generator-stand-alone-grass cat-rp5500e-generator-in-landscape-application cat-rp6500e-generator-in-construction-applicationAn expanded home and outdoor power portfolio is under development with more product launches anticipated in 2017. For more information on the new generator line, visit: http://www.cat.com/homeandoutdoorpower.

 

New Cat® Tilt Buckets Handle Angled -Surface And Precision- Grading Tasks

cm20160913-10121-30136A new line of Cat® tilt buckets is available for Cat crawler-excavator models 311-325 and for wheel excavator models M314–M322. The new buckets, available in both pin-on and coupler configurations, hydraulically tilt 45 degrees from vertical, right and left, to provide added capability when working on angled surfaces or performing precise grading. The buckets install easily and are designed for such applications as ditch cleaning, landscaping, and various construction tasks. In addition, the buckets can be used for conventional excavating in low-impact soils, including topsoil and clay.

The tilt buckets are equipped with two horizontal cylinders—sized to provide forces matched to the machine—that allow the operator to position the bucket and maintain grade without moving the machine. The horizontal-cylinder design allows a low profile for the bucket, while protecting the cylinders from material flow.

Grade-control ready

The new buckets are drilled and tapped to accept the bolt-on sensor and clips required to make them “plug-and-play” compatible with Cat Grade Control 3D. Grade control provides visual and audio positioning guidance for the operator via the machine’s in-cab monitor, enhancing the speed, accuracy, and material-movement efficiency of excavating and grading tasks.

Bucket protection

Tilt buckets feature a reversible, wear-resistant, bolt-on cutting edge that protects the base edge and provides extended service life. In addition, bucket surfaces subject to heavy wear, such as corners, are protected with replaceable, weld-in inserts of premium-grade steel (400 BHN).

For more information visit: Caterpillar

http://www.cat.com/en_US/news/machine-press-releases/cat-tilt-buckets-handle-angled-surface-and-precision-grading-tasks.html