DEERFIELD, Ill., Sept. 16, 2020 /PRNewswire/ -- Caterpillar Inc.
(NYSE: CAT) announced today its board of directors has appointed
Marc Cameron a company vice
president. Cameron will have responsibility for Caterpillar's
Resource Industries Sales, Services and Technology
Division.
Cameron has 20 years of deep expertise in surface and
underground mining, with early career experience in the
construction industry. He has led complex global teams and has
extensive knowledge of mining operations, having served in various
roles as a leader on the Rio Tinto team, one of Caterpillar's
largest mining customers. He will begin his duties with
Caterpillar on November 2, 2020, and
will be based in Tucson,
Arizona.
"Marc's deep mining experience will further enhance our customer
focus and accelerate the growth of Caterpillar services, including
technology solutions," said Denise
Johnson, Caterpillar group president of Resource Industries.
Cameron joined Rio Tinto in 2003 and has led the full value
stream of some of the company's copper and diamond mines, including
the Rio Tinto Kennecott mine outside of Salt Lake City, Utah. Most recently, he led
the development and execution of the end-of-life strategy for Rio's
North American legacy assets. Prior to joining Rio Tinto, Cameron
was a civil engineer for Peter
Kiewit and Sons, a large construction and engineering
organization. Cameron holds a Bachelor of Science degree in
engineering from University of New
Brunswick and holds a Master of Business Administration.
About Caterpillar
Since 1925, Caterpillar Inc. has been helping our customers build a
better world – making sustainable progress possible and driving
positive change on every continent. With 2019 sales and revenues of
$53.8 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. Services offered throughout the
product life cycle, cutting-edge technology and decades of product
expertise set Caterpillar apart, providing exceptional value to
help our customers succeed. The company principally operates
through three primary segments – Construction Industries, Resource
Industries and Energy & Transportation – and provides financing
and related services through its Financial Products segment. For
more information, visit caterpillar.com. To connect on social
media, visit caterpillar.com/social-media.
Forward-looking Statements
Certain statements in this
presentation 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," "forecast," "target," "guide," "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) international trade policies and their impact on demand for our
products and our competitive position, including the imposition of
new tariffs or changes in existing tariff rates; (vi) our ability
to develop, produce and market quality products that meet our
customers' needs; (vii) the impact of the highly competitive
environment in which we operate on our sales and pricing; (viii)
information technology security threats and computer crime; (ix)
inventory management decisions and sourcing practices of our
dealers and our OEM customers; (x) a failure to realize, or a delay
in realizing, all of the anticipated benefits of our acquisitions,
joint ventures or divestitures; (xi) union disputes or other
employee relations issues; (xii) adverse effects of unexpected
events; (xiii) disruptions or volatility in global financial
markets limiting our sources of liquidity or the liquidity of our
customers, dealers and suppliers; (xiv) 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; (xv) our
Financial Products segment's risks associated with the financial
services industry; (xvi) changes in interest rates or market
liquidity conditions; (xvii) an increase in delinquencies,
repossessions or net losses of Cat Financial's customers; (xviii)
currency fluctuations; (xix) our or Cat Financial's compliance with
financial and other restrictive covenants in debt agreements; (xx)
increased pension plan funding obligations; (xxi) alleged or actual
violations of trade or anti-corruption laws and regulations; (xxii)
additional tax expense or exposure, including the impact of U.S.
tax reform; (xxiii) significant legal proceedings, claims, lawsuits
or government investigations; (xxiv) new regulations or changes in
financial services regulations; (xxv) compliance with environmental
laws and regulations; (xxvi) the duration and geographic spread of,
business disruptions caused by, and the overall global economic
impact of, the COVID-19 pandemic; and (xxvii) other factors
described in more detail in Caterpillar's Forms 10-Q, 10-K and
other filings with the Securities and Exchange Commission.
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SOURCE Caterpillar Inc.