Caterpillar Names New Purchasing VP
Caterpillar Inc. said it has named Frank Crespo as a vice president of the company. Crespo will serve as Caterpillar's chief procurement officer with responsibility for the Global Purchasing Division. He will join the company on August 16, 2010, and will report to Group President Steve Wunning, who has responsibility for Resource Industries. Crespo is currently vice president and chief procurement officer for Honeywell International.
Crespo graduated from the United States Naval Academy in Annapolis, Md., with an engineering degree and earned his MBA from the Harvard Graduate School of Business Administration. Prior to joining Honeywell, Crespo was the director of global category management at Electronic Data Systems.