Caterpillar Announces Mike DeWalt Appointed Corporate Controller and Director
of Investor Relations
PEORIA, Ill., Dec. 13, 2012
PEORIA, Ill., Dec. 13, 2012 /PRNewswire/ -- The Board of Directors of
Caterpillar Inc. (NYSE: CAT) has appointed Mike DeWalt, currently
Caterpillar's Director of Investor Relations, as Corporate Controller and
Director of Investor Relations. In this role, DeWalt will have responsibility
for Accounting, Enterprise Cost & Business Analysis and Investor Relations.
"During his 32-year career at Caterpillar Mike has built deep expertise within
our accounting and financial operations, and as the Director of Investor
Relations, has developed a broad understanding of the company," said Brad
Halverson, Caterpillar vice president with responsibility for the Finance
Services Division. "Together, this experience makes him an ideal fit for this
new role," Halverson added.
Janie Copeland, currently Caterpillar's Corporate Controller and Chief
Accounting Officer, will continue as Caterpillar's Chief Accounting Officer.
For more than 85 years, Caterpillar Inc. has been making sustainable progress
possible and driving positive change on every continent. With 2011 sales and
revenues of $60.138 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 also is a
leading services provider through Caterpillar Financial Services, Caterpillar
Remanufacturing Services and Progress Rail Services. More information is
available at: http://www.caterpillar.com.
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 economic conditions and economic
conditions in the industries and markets we serve; (ii)government monetary or
fiscal policies and infrastructure spending; (iii)commodity or component
price increases and/or limited availability of raw materials and component
products, including steel; (iv)our and our customers', dealers' and
suppliers' ability to access and manage liquidity; (v)political and economic
risks and instability, including national or international conflicts and civil
unrest; (vi)our and Cat Financial's ability to: maintain credit ratings,
avoid material increases in borrowing costs, and access capital markets;
(vii)the financial condition and credit worthiness of Cat Financial's
customers; (viii)inability to realize expected benefits from acquisitions and
divestitures, including the acquisition of Bucyrus International, Inc.;
(ix)international trade and investment policies; (x)challenges related to
Tier4 emissions compliance; (xi)market acceptance of our products and
services; (xii)changes in the competitive environment, including market
share, pricing and geographic and product mix of sales; (xiii)successful
implementation of capacity expansion projects, cost reduction initiatives and
efficiency or productivity initiatives, including the Caterpillar Production
System; (xiv)sourcing practices of our dealers or original equipment
manufacturers; (xv)compliance with environmental laws and regulations;
(xvi)alleged or actual violations of trade or anti-corruption laws and
regulations; (xvii)additional tax expense or exposure; (xviii)currency
fluctuations; (xix)our or Cat Financial's compliance with financial
covenants; (xx)increased pension plan funding obligations; (xxi)union
disputes or other employee relations issues; (xxii)significant legal
proceedings, claims, lawsuits or investigations; (xxiii)compliance
requirements imposed if carbon emissions legislation and/or regulations are
adopted; (xxiv)changes in accounting standards; (xxv)failure or breach of IT
security; (xxvi)adverse effects of natural disasters; and (xxvii)other
factors described in more detail under "Item 1A. Risk Factors" in our
Form10-K filed with the SEC on February21, 2012 for the year ended
December31, 2011. This filing is available on our website at
SOURCE Caterpillar Inc.
Contact: Jim Dugan, Global Government & Corporate Affairs, +1-309-494-4100,
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