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Cat Makes Exec Changes, Realigns Engine Business

Posted on August 20, 2013

Caterpillar Inc. announced the retirement of three long-time vice presidents, the appointment of four new vice presidents and a change in the responsibility of other VPs. Along with the appointments Cat also announced the realignment of its reciprocating engine business. All of the moves, Cat said, align with Its strategy and will add to the depth of the executive leadership ranks

Steve Fisher, VP of the Large Power Systems & Growth Markets Division, has elected to retire after more than 35 years with the company. Fisher’s retirement will be effective Feb. 1, 2014. Succeeding Fisher is Tana Utley, currently vice president of the Industrial Power Systems & Growth Markets Division. Utley’s move to the new position is effective Oct. 1, 2013.

As part of the engine business realignment, the Large Power Systems & Growth Markets segment under Utley will be accountable for all Caterpillar and Perkins brand engines above 18 L. Ramin Younessi has been named to replace Utley as vice president with responsibility for the Industrial Power Systems & Growth Markets Division, responsible for all Caterpillar and Perkins brand engines 18 L and below.

Consistent with this change, Cat said that several facilities that have been part of the Large Power Systems & Growth Markets Division will move to become part of the Industrial Power Systems & Growth Markets Division.

Younessi most recently spent six years as a group vice president with Navistar. Prior to joining Navistar in 2007, he held a number of senior leadership and executive positions in the United States and Germany with the commercial vehicle division of Daimler AG.

After more than 41 years with Caterpillar, Bill Rohner, vice president of the Electric Power Division, will retire effective Feb. 1, 2014. He will be succeeded by Steve Niehaus, currently the retail general manager for the Electric Power Division.

Also retiring after more than 34 years with Caterpillar is Steve Larson, vice president of the Parts Distribution & Diversified Products Division. His retirement is effective Feb. 1, 2014. Concurrent with Larson’s retirement, Caterpillar announced a strategic realignment of the Parts Distribution & Diversified Products Division and the Customer Services Support Division. As part of this realignment, Caterpillar’s Parts Distribution business will be integrated into the Customer Services Support Division, which is led by Vice President Steve Gosselin. The Customer Services Support Division is focused on growing Caterpillar's parts and product support.

Bill Finerty, currently vice president of Americas Distribution Services Division, will assume responsibilities for the newly realigned Diversified Products Division, which includes Caterpillar's global paving products, forestry products, defense and federal products, OEM Solutions group, Cat Tunneling, and the industrial and waste group. In addition, Caterpillar’s on-highway truck group will move from the Customer Services Support Division to become part of the Diversified Products Division. The changes for the Diversified Products Division and the Customer Services Support Division will be effective Oct. 1, 2013.

Succeeding Finerty as vice president of Americas Distribution Services Division is Pablo Koziner, currently east region manager in the Americas Distribution Services Division. Koziner has been with Cat 12 years and will assume his new post Oct. 1.

Aiming to improve the strategic planning process across the company, Caterpillar has appointed Mike DeWalt, currently corporate controller, as vice president of the newly created Strategic Services Division. The Strategic Services Division includes strategic planning, Mergers & Acquisitions (M&A), investor relations, economics, business risk management and competitive analysis. Jill Daugherty, currently group chief financial officer, will replace DeWalt as corporate controller as of Oct. 1.

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