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Caterpillar: CEO elected board chairman

(CercleFinance.com) - Caterpillar chief executive Jim Umpleby has been elected chairman of the board of the the world's biggest heavy equipment maker, effective immediately, the company said on Thursday.


Umpleby has been a member of the board and chief executive officer since January 2017, the Deerfield, Illinois-based group said in a statement.

Dave Calhoun - who has served as non-executive chairman of the board since April 2017 - will remain on the board as presiding director, Caterpillar said.

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