Two New Presidents Named At Caterpillar
Historically, Caterpillar Inc. announces major top level executive changes in October or early November. That’s the case again this with the news that group presidents Rich Lavin and Gerard Vittecoq are retiring. Lavin is the group president for Construction Industries & Growth Markets, while Vittecoq is group president for Energy & Power Systems.
Jim Umpleby, currently vice president with responsibility for Caterpillar’s Solar Turbines group has been appointed to replace Vittecoq as group president for Energy & Power Systems. Current group president and chief financial officer Ed Rapp will be Lavin's replacement, while Brad Halverson will replace Rapp as a group president and CFO.
Umpleby was named a Caterpillar vice president and the president of Solar Turbines in 2010. He joined Solar in 1980 as an associate engineer. Over the course of the next decade with Solar, he held a number of engineering and sales positions including assignments in Singapore and Kuala Lumpur, Malaysia.
In 1994, he became the director of power systems operations and facility manager of Solar's Kearny Mesa gas turbine packaging facility. In 1997, he became a Solar vice president with responsibility for customer services and in 2000 was named Solar vice president for Turbomachinery Products. In 2005, Umpleby assumed responsibilities as a general manager for global services for Caterpillar, a Peoria-based assignment in Caterpillar's Product Support Division. He was named Solar's vice president for oil and gas in 2007.
Umpleby graduated from Rose-Hulman Institute of Technology with a bachelor's degree in mechanical engineering in 1980.
Rapp takes over in Hong Kong as group president with responsibility for Construction Industries. . As part of this transition, the Hong Kong-based headquarters office for Caterpillar's Construction Industries group will relocate to Singapore, where Rapp will be based in his new role effective January 1, 2013.
Rapp has been a member of Caterpillar's executive office since 2007. He was named a Caterpillar vice president in 2000, serving as the head of the EAME Marketing Division until 2004 when he was named vice president with responsibility for the Building Construction Products Division. Rapp joined Caterpillar as a pricing analyst in 1979.
Brad Halverson, currently a Caterpillar vice president with responsibility for Finance Services Division, becomes (CFO) and group president of Corporate Services.
Halverson was named a vice president in 2010. He has had a variety of experiences of increasing responsibilities at Caterpillar. After auditing and tax experience with Price Waterhouse, he joined the company in 1988 as an accountant. In 1993, he moved to Geneva, Switzerland, as a strategy and planning consultant with Caterpillar Overseas S.A.