Oct 18, 2016
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Doug Oberhelman has announced his retirement as chairman and CEO of Caterpillar. Jim Umpleby will succeed him as CEO, effective January 1, 2017. Umpleby is currently group president responsible for energy & transportation. He has been with Caterpillar for 35 years. Dave Calhoun, a current member of the Caterpillar Board, will assume the role