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Caterpillar’s New CEO Adds Chairman Title

Mon November 08, 2010 - National Edition

PEORIA, Ill. (AP) Caterpillar Inc.’s new CEO Doug Oberhelman is now also chairman of the board of the world’s largest maker of mining and construction equipment.

Oberhelman became chairman Nov. 1 following the retirement of Jim Owens.

Oberhelman became chief executive in July as part of a planned succession before Owens’ retirement. Oberhelman has worked for the Peoria, Ill. - based company since 1975.

Owens, who served as the company’s top executive from 2004 to this year, worked for Caterpillar for more than 38 years.