Caterpillar CEO Creed to become chairman
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Jim Umpleby, chairman & CEO of Caterpillar, and Joe Creed, COO of Caterpillar, pose together on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 15, 2025. REUTERS/Brendan McDermid
Jan 6 (Reuters) - Caterpillar said on Tuesday that top boss Joe Creed would succeed Jim Umpleby as chairman of the board, effective April 1.
Umpleby retires after over four decades at the construction equipment maker, during which he guided the company through several boom-and-bust cycles, including the COVID-19 pandemic.
Creed, who joined the company in 1997, was named CEO last year, succeeding Umpleby.
(Reporting by Nathan Gomes in Bengaluru; Editing by Anil D'Silva)
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