PEORIA, Illinois, July 17, 2017 /PRNewswire/ --
Caterpillar Inc. (NYSE: CAT) today announced its board of
directors has appointed Cheryl H.
Johnson as the company's Chief Human Resources Officer
(CHRO) effective July 24, 2017.
Johnson will report directly to Caterpillar CEO Jim Umpleby, and she will be a member of
Caterpillar's executive office. Johnson brings more than 20 years
of human resources leadership experience to Caterpillar. Most
recently, Johnson was executive vice president of human resources
for Textron Inc., a $13.8 billion
global multi-industry aerospace, defense and industrial
manufacturing company.
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"In today's highly competitive global marketplace, we have to
attract and retain the best talent in order to better serve our
customers," Umpleby said. "Cheryl is a proven executive leader,
with a strong track record. She is joining Caterpillar as a member
of our executive office. I'm confident Cheryl's contributions will
be significant as we work to profitably grow our company," Umpleby
said.
For the last five years, Johnson has been a member of Textron's
executive leadership team, leading the company's worldwide human
resources function as well as corporate communications, corporate
real estate, community affairs and the company's aviation
department. Johnson's 20-year career with Textron has included a
number of human resources roles with increasing levels of
responsibility within several of its businesses. Prior to Textron,
Johnson's career encompassed multi-functional experience in human
resources, marketing and sales, and finance within several
industries and diverse business models, including Sundstrand
Corporation, IBM and the Rockford,
Illinois, Public Schools.
Johnson is a board member of the HR Policy Association and is
Chairperson of its Jobipedia Steering Committee. She holds a
Bachelor of Science Degree in Operations Management and an MBA from
Northern Illinois University.
About Caterpillar
For more than 90 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 2016 sales
and revenues of $38.537 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 speak only as of the date they are made, 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) commodity price changes, material price
increases, fluctuations in demand for our products or significant
shortages of material; (iii) government monetary or fiscal
policies; (iv) political and economic risks, commercial instability
and events beyond our control in the countries in which we operate;
(v) our ability to develop, produce and market quality products
that meet our customers' needs; (vi) the impact of the highly
competitive environment in which we operate on our sales and
pricing; (vii) information technology security threats and computer
crime; (viii) additional restructuring costs or a failure to
realize anticipated savings or benefits from past or future cost
reduction actions; (ix) failure to realize all of the anticipated
benefits from initiatives to increase our productivity, efficiency
and cash flow and to reduce costs; (x) inventory management
decisions and sourcing practices of our dealers and our OEM
customers; (xi) a failure to realize, or a delay in realizing, all
of the anticipated benefits of our acquisitions, joint ventures or
divestitures; (xii) union disputes or other employee relations
issues; (xiii) adverse effects of unexpected events including
natural disasters; (xiv) disruptions or volatility in global
financial markets limiting our sources of liquidity or the
liquidity of our customers, dealers and suppliers; (xv) 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;
(xvi) our Financial Products segment's risks associated with the
financial services industry; (xvii) changes in interest rates or
market liquidity conditions; (xviii) an increase in delinquencies,
repossessions or net losses of Cat Financial's customers; (xix)
currency fluctuations; (xx) our or Cat Financial's compliance with
financial and other restrictive covenants in debt agreements; (xxi)
increased pension plan funding obligations; (xxii) alleged or
actual violations of trade or anti-corruption laws and regulations;
(xxiii) international trade policies and their impact on demand for
our products and our competitive position; (xxiv) additional tax
expense or exposure; (xxv) significant legal proceedings, claims,
lawsuits or government investigations; (xxvi) new regulations or
changes in financial services regulations; (xxvii) compliance
with environmental laws and regulations; and (xxviii) other factors
described in more detail in Caterpillar's Forms 10-Q, 10-K and
other filings with the Securities and Exchange Commission.
CONTACT: Rachel Potts, Global
Government & Corporate Affairs, +1-309-675-6892,
+1-309-573-3444, Potts_Rachel_A@cat.com
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