Tag Archive for 'Caterpillar'

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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

Caterpillar Sponsors Hackathon to Create Innovative Solutions for Boosting Mining Equipment Operator Performance

Software developers, data scientists, engineers and entrepreneurs will convene in San Francisco from September 23-25, 2016 for a 54-hour hackathon sponsored by Caterpillar and Unearthed, an Australia-based open innovation organization for the global resources sector. The hackathon format brings together creative problem solvers and industry experts who work in teams under intense time pressure to propose prototype solutions to industry challenges.

“Caterpillar is pleased to sponsor Unearthed San Francisco,” said Tony Johnson, marketing manager for Caterpillar Global Mining, Surface Mining & Technology Division. “It’s especially fitting to host this event just prior to MINExpo where Caterpillar will showcase a strategy of continuous innovation,”

cat-793f-mining-truck-at-work“The Unearthed organization has inspired more than 1,000 innovators to attack problems in the global resources sector, and in the process, at least 150 promising solutions have been produced,” said Roberto Ortega, Innovation Incubator, Caterpillar. “We’re excited to put that kind of energy and imagination to work on behalf of our customers.”

Among the innovations emerging from Unearthed events are novel sensors and analytics for preventing oversize material from blocking the crushers on iron ore sites, predictive algorithms that dramatically reduce the need for lab sampling, and wearable devices that improve workplace safety. Some of the mining and oil & gas companies taking advantage of this approach include BHP Billiton, Iluka Resources, Newcrest, Rio Tinto and Woodside.

“The global resources sector faces unprecedented pressure to improve the efficiency and sustainability of its operations, and at the same time it will see nearly $1 trillion of impact from new technologies in the decade ahead,” explained Justin Strharsky, director of Unearthed. “We are helping industry adapt by creating opportunities for entrepreneurs.”

The task at hand

In San Francisco, Caterpillar will challenge hackathon participants to propose innovative ways to use telematics data and real-time coaching to improve surface mining truck operator performance.

“Operator technique has a profound effect on productivity, fuel efficiency, component life and operating costs,” explained Johnson. “Our customers spend a lot of time and resources on traditional training activities, but we believe we can augment their work with data, analytics and real-time feedback.”

Using several large datasets from Caterpillar, hackathon participants will spend the weekend exploring how the information could be used to improve operator performance, predict potential problems, reward desired behavior and reduce machine misuse. Caterpillar subject matter experts will be on hand to provide industry perspective.

At the end of the session, teams will have five minutes to present their ideas and five minutes to respond to questions from a panel of judges. Cash prizes will be awarded for the top prototypes. The first-place team will be featured in a video shown at MINExpo 2016, the world’s premier mining equipment and technology exhibition.

“We expect that the solutions provided by the hackathon participants will be applicable to surface and underground mining equipment,” Ortega said. “In the spirit of innovation, the solutions are likely to be applicable to most types of heavy equipment and not limited to mining applications.”

“The hackathon is just one more way we’re putting the latest tools, processes and ideas to work for Caterpillar customers—helping them improve safety, increase production efficiency and reduce costs,” Johnson concluded.

To learn more about Unearthed San Francisco, go to http://unearthed.solutions/events/unearthed-san-francisco-2016/