Caterpillar CEO Doug Oberhelman to step down
Caterpillar CEO Doug Oberhelman will retire next year after an over 41-year career with the world’s largest maker of construction and mining equipment, the company said in a statement. The company’s board elected Jim Umpleby, currently a Caterpillar group President, to succeed Oberhelman as the CEO. Oberhelman will step down on March 31, 2017.