Caterpillar Adds Cargill's MacLennan to Board as Gallardo, Osborn Retire
By Colin Kellaher
Caterpillar Inc. on Friday said its two longest-serving
directors, Juan Gallardo and William Osborn, have retired from the
The Deerfield, Ill., maker of bulldozers and excavators also
said David MacLennan, board chair and chief executive of
agribusiness giant Cargill Inc., has joined the board.
Messrs. Gallardo and Osborn are both 73 years old, nearing the
board's mandatory retirement age of 74. Mr. MacLennan, who will
serve on the board's audit committee, is 61.
Mr. Gallardo, who joined Caterpillar's board in 1998, is
chairman of Organizacion Cultiba S.A.B. de C.V., which controls one
of Mexico's biggest soft-drink bottlers.
Mr. Osborn, a former chairman and CEO of Northern Trust Corp.,
has been a director since 2000.
The changes, which were effective Wednesday, reduce
Caterpillar's board to 11 members from 12.
Write to Colin Kellaher at email@example.com
(END) Dow Jones Newswires
April 16, 2021 09:47 ET (13:47 GMT)
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