Senior executive changes at Caterpillar
Company announces vice-president retirement and new VP of Earthmoving Division
CATERPILLAR Inc. have announced that Doug Hoerr, vice president of the company’s Material Handling & Underground (MH&U) Division, has elected to retire after 24 years with the firm.
‘For more than 20 years of his career with Caterpillar, Doug [Hoerr] worked in a wide range of accounting and finance roles with increasing levels of responsibility and global scope,’ said Jim Umpleby, chief executive officer of Caterpillar. ‘In 2012, Doug was named group CFO for customer and dealer support, a position he held until being named Caterpillar vice president in 2015.’
The company has also announced the promotion of Frederic Istas (pictured), currently aftermarket solutions global manager for Caterpillar’s Global Aftermarket Solutions Division, to the position of vice president of the Earthmoving Division, effective 1 August 2017.
Mr Istas joined Caterpillar in 1996 as part of the Europe, Africa & Middle East (EAME) Marketing Division, based in Geneva, Switzerland. In 2004, he was named district manager for the EAME Marketing Division and from 2008 to 2011, he was elected global process owner in the Global Revenue Management Group, based in Peoria. Prior to his current role, Mr Istas was regional product manager for the Excavation Division, based in Europe.
Caterpillar have also confirmed changes in responsibilities for current Caterpillar vice presidents Tom Bluth, Jean Savage and Karl Weiss. These changes will be effective 1 August 2017.
Mr Bluth, who was first named a vice president in 2007 and is currently vice president of the Surface Mining & Technology (SM&T) Division, will become Caterpillar’s chief technology officer (CTO) and vice president of the Innovation & Technology Development Division (ITDD).
Ms Savage, who was first named a Caterpillar vice president in 2014 and is currently Caterpillar’s CTO and the vice president of ITDD, will become vice president of the SM&T Division.
Meanwhile, Mr Weiss, currently VP of the Earthmoving Division, will become vice president of MH&U, replacing Doug Hoerr.
