Caterpillar (NYSE: CAT), the world's no.1 heavy machinery maker, is giving chief executive officer Jim Umpleby the additional responsibility of becoming the company’s chairman, effective immediately.
Umpleby has been a member of the board and CEO since Jan. 1, 2017.
Dave Calhoun, who has served as non-executive chairman since April 1, 2017, will remain on the Board as Presiding Director, the company said.
More to come…
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