New Caterpillar CEO to add chairman title Oct. 31

06/10/2010 | Bloomberg Businessweek

Doug Oberhelman, incoming chief executive officer at Caterpillar, also will become chairman at the end of October, when outgoing CEO and Chairman Jim Owens steps down. Mr. Owens has spent 38 years at Caterpillar and announced his planned retirement a couple of years ago. Mr. Oberhelman, who becomes CEO on July 1, currently oversees several of the company's divisions.

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