PEORIA, Ill. — Caterpillar Inc. has named its latest presidents, after two senior executives signalled their intentions to retire.
The departing leaders are two of the company’s group presidents: Stu Levenick is a group president with responsibility for customer and dealer support and Steve Wunning is group president with responsibility for resource industries. As of early 2015, both men will be stepping down.
“For the last 10 years, Stu and Steve have both provided critical leadership as part of Caterpillar’s executive office, capping Caterpillar careers that together total nearly 80 years of service,” said Caterpillar chair and CEO Doug Oberhelman. “We will all miss their outstanding leadership, and both leave unique and lasting legacies within Caterpillar, as the company has transformed itself and dramatically expanded to serve new markets and industries over the course of their distinguished careers.”
The vehicle and engine manufacturer has promoted from within to fill the vacancies left by the retiring executives.
Ed Rapp, who currently holds the title of group president with responsibilities for the construction industries, will replace Wunning and take on the resource industries portfolio. The change in jobs means Rapp will relocate from Singapore to Peoria. Stepping into the role of group president, construction, will be Tom Pellette, who currently serves as a vice-president with Caterpillar and president of its subsidiary Solar Turbines Inc.
As of January 1, 2015, Rob Charter, a vice-president with responsibility for the excavation division will become group president with responsibility for customer and dealer support.
“In the coming years, I look forward to working with Rob, Tom and the rest of Caterpillar’s leadership team as we continue our drive toward improving performance, growing the company, focusing on the customer and delivering our strategic goals over the next several years,” said Oberhelman.
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