Caterpillar Appoints Creed as CEO; Umpleby to Be Chairman

Joe Creed

Photographer: Mitchell Colgan/Caterpillar Inc.
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Caterpillar Inc. said Joe Creed, a 28-year veteran of the US machinery manufacturer, will be its next chief executive officer.

Creed will start in the top job on May 1, while current CEO Jim Umpleby will become executive chairman, Caterpillar said Tuesday in a statementBloomberg Terminal.