Caterpillar Announces Officer Appointments
PEORIA, Ill., Feb. 15, 2013
PEORIA, Ill., Feb. 15, 2013 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT)
announced today the appointment of a new vice president and changes in
responsibility for an existing vice president.
New responsibilities for Bluth
Caterpillar is moving Tom Bluth, Caterpillar vice president with
responsibility for the Earthmoving Division, to become vice president with
responsibility for the Mining Products Division. The Mining Products Division
is part of Caterpillar's Resource Industries Group and is responsible for
product strategy development, product design and sourcing for Caterpillar's
mining business. Bluth will replace Luis de Leon, whose departure from the
company was previously announced.
"With important previous leadership assignments in China, Europe and North
America during his Caterpillar career, Tom brings significant product and
operations experience to this position. Having led the Earthmoving Division
since 2009, Tom has improved the market position and profitability for
earthmoving machines and has consistently demonstrated the ability to improve
product quality while developing and delivering products and services that are
critical for the success of our customers around the world," said Steve
Wunning, Caterpillar group president with responsibility for Resource
In 2007, Bluth was first appointed a vice president with responsibility for
Caterpillar's Asia Pacific Manufacturing Operations. In 2009, Bluth was
appointed a vice president with responsibility for the Earthmoving Division.
Bluth joined Caterpillar's Legal Services Division in 1995 from private legal
practice in Washington, D.C. He held positions within the Legal Services
Division until 1998, and then moved to a series of broad-based business roles
including marketing leadership positions in Latin America and North America.
Previously, Bluth was worldwide medium wheel loader product manager and
Managing Director of Caterpillar France.
Bluth holds a degree in electrical engineering from Iowa State University, a
MBA from the University of Chicago and a law degree from Northwestern
Karl Weiss named Vice President
Caterpillar's Board of Directors has appointed Karl Weiss to replace Bluth as
Caterpillar vice president with responsibility for the Earthmoving Division.
"During his 20-year career with Caterpillar, Karl has held positions with
increasing levels of responsibility in the areas of product design, marketing,
operations and product management, including significant leadership positions
in North America, Europe and Asia," said Ed Rapp, Caterpillar group president
with responsibility for Construction Industries. "His previous leadership and
success in these global positions has given Karl the type of deep expertise
and international experience that provides an ideal background for leading our
Earthmoving business," Rapp added.
Since 2009, Weiss has been the world wide product manager for Caterpillar's
medium wheel loaders. Previously, he was Asia regional product manager for
both Cat and SEM wheel loaders based in Beijing. Weiss joined Caterpillar in
1992 as a design engineer in Caterpillar's Mining Vehicle Center in Decatur,
Illinois. Weiss was then promoted to a number of engineering, product support
and product manager positions with increasing levels of responsibility.
Weiss holds a degree in agricultural engineering from Purdue University and a
MBA from Northern Illinois University.
Both moves will be effective April 1, 2013.
For more than 85 years, Caterpillar Inc. has been making sustainable progress
possible and driving positive change on every continent. With 2012 sales and
revenues of $65.875 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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