Caterpillar Promotes Veteran Executive to CEO -- Market Talk

Dow Jones

04/15

0958 ET - Caterpillar Chief Operating Officer Joe Creed will become chief executive May 1, succeeding CEO Jim Umpleby. The move was anticipated since Creed was promoted to COO in November 2023, a position usually reserved for the next chief executive. Umpleby, 67, who has been CEO since 2017, will remain as chairman. Creed, 49, joined the construction and mining equipment manufacturer in 1997 and cycled through a variety of the executive positions, including president of the engines and transportation business prior to becoming COO. Shares rise 0.6% to $299.91. (robert.tita@wsj.com)

(END) Dow Jones Newswires

April 15, 2025 09:59 ET (13:59 GMT)

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The move was anticipated since Creed was promoted to COO in November 2023, a position usually reserved for the next chief executive. Umpleby, 67, who has been CEO since 2017, will remain as chairman. Creed, 49, joined the construction and mining equipment manufacturer in 1997 and cycled through a variety of the executive positions, including president of the engines and transportation business prior to becoming COO. Shares rise 0.6% to $299.91. (robert.tita@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 15, 2025 09:59 ET (13:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0942090050.USD","symbol_name":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2527195410","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2527195410","pubTimestamp":1744725540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0958 ET - Caterpillar Chief Operating Officer Joe Creed will become chief executive May 1, succeeding CEO Jim Umpleby. 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