Caterpillar elects a new CEO as Jim Umpleby moves to executive chairman

Neil Gerrard Senior Editor, Construction Briefing

15 April 2025

Caterpillar has announced that it has elected a new CEO, as incumbent CEO and chairman Jim Umpleby moves to the role of executive chairman.

Umpleby, who has spent eight years as CEO and a total of 45 years working for the world’s biggest construction equipment OEM, will take up his new role on 1 May.

Chief operating officer Joseph E. Creed, a 28-year veteran of Cat, will succeed him as CEO, taking charge of…

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