![]() ![]() In addition, each of the remaining five group presidents will have divisions reporting to them that will provide greater clarity and structure so the group presidents and their organizations can deliver best-in-class products and services with attractive profitability across the entire company. As such, the number of Caterpillar group presidents will be reduced from six to five. ![]() Once he becomes CEO, effective July 1, 2010, Oberhelman will not be replaced as a group president. The structural changes for Caterpillar start within the company's executive office. The new organization is positioned well for execution and will help assure the realization of our Vision 2020." I am excited about how we've positioned the company and where the updated strategy will take us. "The updated strategy will be unveiled shortly. "Six months ago, we announced our leadership transition to give Doug the time to develop and refine the next phase of our strategy and structure and to devote energy to thinking about how Caterpillar can elevate itself to the next level," said Owens. ![]() The changes announced today will support this updated strategy. Vice chairman and CEO-elect Doug Oberhelman is leading a team that is updating the company's strategy, which was first introduced by chairman and CEO Jim Owens in 2005. on May 5 announced a number of executive changes and a streamlined corporate structure. Supporting its long-term strategy, considering officer retirements and recognizing the need to create a leaner, more agile, customer-focused company, Caterpillar Inc. ![]()
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