Caterpillar (CAT) Names New VP
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Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 1.5%
Revenue Growth %: +0.6%
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Caterpillar, Inc. (NYSE: CAT) announced the appointment of a new vice president and changes in responsibility for an existing vice president.
New responsibilities for Bluth
Caterpillar is moving Tom Bluth, Caterpillar vice president with responsibility for the Earthmoving Division, to become vice president with responsibility for the Mining Products Division. The Mining Products Division is part of Caterpillar's Resource Industries Group and is responsible for product strategy development, product design and sourcing for Caterpillar's mining business. Bluth will replace Luis de Leon, whose departure from the company was previously announced.
In 2007, Bluth was first appointed a vice president with responsibility for Caterpillar's Asia Pacific Manufacturing Operations. In 2009, Bluth was appointed a vice president with responsibility for the Earthmoving Division. Bluth joined Caterpillar's Legal Services Division in 1995 from private legal practice in Washington, D.C. He held positions within the Legal Services Division until 1998, and then moved to a series of broad-based business roles including marketing leadership positions in Latin America and North America. Previously, Bluth was worldwide medium wheel loader product manager and Managing Director of Caterpillar France.
Bluth holds a degree in electrical engineering from Iowa State University, a MBA from the University of Chicago and a law degree from Northwestern University.
Karl Weiss named Vice President
Caterpillar's Board of Directors has appointed Karl Weiss to replace Bluth as Caterpillar vice president with responsibility for the Earthmoving Division.
Since 2009, Weiss has been the world wide product manager for Caterpillar's medium wheel loaders. Previously, he was Asia regional product manager for both Cat and SEM wheel loaders based in Beijing. Weiss joined Caterpillar in 1992 as a design engineer in Caterpillar's Mining Vehicle Center in Decatur, Illinois. Weiss was then promoted to a number of engineering, product support and product manager positions with increasing levels of responsibility.
Weiss holds a degree in agricultural engineering from Purdue University and a MBA from Northern Illinois University.
Both moves will be effective April 1, 2013.
New responsibilities for Bluth
Caterpillar is moving Tom Bluth, Caterpillar vice president with responsibility for the Earthmoving Division, to become vice president with responsibility for the Mining Products Division. The Mining Products Division is part of Caterpillar's Resource Industries Group and is responsible for product strategy development, product design and sourcing for Caterpillar's mining business. Bluth will replace Luis de Leon, whose departure from the company was previously announced.
In 2007, Bluth was first appointed a vice president with responsibility for Caterpillar's Asia Pacific Manufacturing Operations. In 2009, Bluth was appointed a vice president with responsibility for the Earthmoving Division. Bluth joined Caterpillar's Legal Services Division in 1995 from private legal practice in Washington, D.C. He held positions within the Legal Services Division until 1998, and then moved to a series of broad-based business roles including marketing leadership positions in Latin America and North America. Previously, Bluth was worldwide medium wheel loader product manager and Managing Director of Caterpillar France.
Bluth holds a degree in electrical engineering from Iowa State University, a MBA from the University of Chicago and a law degree from Northwestern University.
Karl Weiss named Vice President
Caterpillar's Board of Directors has appointed Karl Weiss to replace Bluth as Caterpillar vice president with responsibility for the Earthmoving Division.
Since 2009, Weiss has been the world wide product manager for Caterpillar's medium wheel loaders. Previously, he was Asia regional product manager for both Cat and SEM wheel loaders based in Beijing. Weiss joined Caterpillar in 1992 as a design engineer in Caterpillar's Mining Vehicle Center in Decatur, Illinois. Weiss was then promoted to a number of engineering, product support and product manager positions with increasing levels of responsibility.
Weiss holds a degree in agricultural engineering from Purdue University and a MBA from Northern Illinois University.
Both moves will be effective April 1, 2013.
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