PEORIA, Ill., Sept. 23, 2016 /PRNewswire/ -- After nearly
20 years with Caterpillar Inc. (NYSE: CAT), Kim Hauer, vice president with responsibility
for the Human Services Division (HSD) and Chief Human Resources
Officer (CHRO), has elected to leave the company. Hauer has
accepted a position as Senior Vice President Global Human Resources
with privately held SC Johnson, a 130-year-old company that
generates $10 billion in sales
annually, employs 13,000 people globally and sells products in
virtually every country around the world. In order to ensure a
smooth transition, Hauer will remain at Caterpillar until
November 1. Caterpillar will
immediately launch a global search for Hauer's replacement.
"Over the last six years as Caterpillar's Chief Human Resources
Officer, Kim has transformed Caterpillar's global human resources
organization into a highly collaborative, truly professional team
that drives innovative human resources solutions for the business
and our employees," said Brad
Halverson, Caterpillar Chief Financial Officer and group
president with responsibility for Corporate Services. "Kim has also
been instrumental in driving and enhancing a culture of diversity
and inclusion across the company. We thank Kim for her years of
service and wish her and her family success as she moves into this
next phase of her professional career."
Hauer started as an intern in assembly planning at the
Lafayette, Indiana, engine
manufacturing plant during her third year at Purdue University. She joined Caterpillar full time
in 1997 as part of the company's Human Resources (HR) Professional
Development Program. She advanced through numerous positions with
increasing responsibilities in the areas of human resources, labor
relations and succession planning, including a role as a
compensation and benefits manager for Caterpillar's Logistics
Division based in Belgium. Hauer
also held the position of group and regional HR director for
Caterpillar based in Geneva,
Switzerland. In December 2010,
the Caterpillar Board of Directors named Hauer CHRO and vice
president with responsibility for HSD. She has a bachelor's degree
in management, with emphasis in HR, from Purdue University. In 2016, Hauer was honored by
HRO Today Magazine as CHRO of the Year in the lifetime achievement
category.
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.
Forward-looking Statements
Certain statements in this press release relate to future events
and expectations and are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "believe," "estimate," "will be," "will," "would,"
"expect," "anticipate," "plan," "project," "intend," "could,"
"should" or other similar words or expressions often identify
forward-looking statements. All statements other than statements of
historical fact are forward-looking statements, including, without
limitation, statements regarding our outlook, projections,
forecasts or trend descriptions. These statements do not guarantee
future performance, and we do not undertake to update our
forward-looking statements.
Caterpillar's actual results may differ materially from those
described or implied in our forward-looking statements based on a
number of factors, including, but not limited to: (i) global and
regional economic conditions and economic conditions in the
industries we serve; (ii) government monetary or fiscal policies
and infrastructure spending; (iii) commodity price changes,
component price increases, fluctuations in demand for our products
or significant shortages of component products; (iv) disruptions or
volatility in global financial markets limiting our sources of
liquidity or the liquidity of our customers, dealers and suppliers;
(v) political and economic risks, commercial instability and events
beyond our control in the countries in which we operate; (vi)
failure to maintain our credit ratings and potential resulting
increases to our cost of borrowing and adverse effects on our cost
of funds, liquidity, competitive position and access to capital
markets; (vii) our Financial Products segment's risks associated
with the financial services industry; (viii) changes in interest
rates or market liquidity conditions; (ix) an increase in
delinquencies, repossessions or net losses of Cat Financial's
customers; (x) new regulations or changes in financial services
regulations; (xi) a failure to realize, or a delay in realizing,
all of the anticipated benefits of our acquisitions, joint ventures
or divestitures; (xii) international trade policies and their
impact on demand for our products and our competitive position;
(xiii) our ability to develop, produce and market quality products
that meet our customers' needs; (xiv) the impact of the highly
competitive environment in which we operate on our sales and
pricing; (xv) failure to realize all of the anticipated benefits
from initiatives to increase our productivity, efficiency and cash
flow and to reduce costs; (xvi) additional restructuring costs or a
failure to realize anticipated savings or benefits from past or
future cost reduction actions; (xvii) inventory management
decisions and sourcing practices of our dealers and our OEM
customers; (xviii) compliance with environmental laws and
regulations; (xix) alleged or actual violations of trade or
anti-corruption laws and regulations; (xx) additional tax expense
or exposure; (xxi) currency fluctuations; (xxii) our or Cat
Financial's compliance with financial covenants; (xxiii) increased
pension plan funding obligations; (xxiv) union disputes or other
employee relations issues; (xxv) significant legal proceedings,
claims, lawsuits or government investigations; (xxvi) changes in
accounting standards; (xxvii) failure or breach of IT security;
(xxviii) adverse effects of unexpected events including natural
disasters; and (xxix) other factors described in more detail under
"Item 1A. Risk Factors" in our Form 10-K filed with the SEC on
February 16, 2016, for the year ended
December 31, 2015.
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SOURCE Caterpillar Inc.