The FINANCIAL — Caterpillar Inc.on February 17 announced the following changes:
· Doug Hoerr, currently vice president with responsibility for the Wear, Components & Aftermarket Division (WC&AD), will become vice president with responsibility for the Material Handling & Underground Division (MH&U). He replaces Denise Johnson who was recently named group president with responsibility for Resource Industries.
· Greg Folley, vice president with responsibility for the Sustainable Solutions Division (SSD), will also assume responsibility for Hoerr’s current division.
· The remanufacturing business, currently overseen by Folley, will transfer to Tana Utley, vice president with responsibility for the Large Power Systems Division (LPSD).
“Our strong, capable leadership team will absorb these responsibilities and continue our commitment to customers. In this business environment, we are streamlining at all levels, including senior management,” said Caterpillar Chairman & CEO Doug Oberhelman. “I look forward to Doug Hoerr’s leadership of MH&U. His strong financial background, customer focus and operations experience are a solid foundation for heading one of Caterpillar’s largest divisions. The added responsibility for Greg, including the design and manufacturing of components and aftermarket distribution, is a good fit with his skill, broad experience and current businesses including Cat Work Tools, Cat OEM Solutions, Safety Services and Defense and Federal Products. Tana’s deep expertise and decades of leadership make her an ideal fit for the Reman business, and it is also a natural extension of her engine responsibilities since much of the remanufacturing business is related to power systems.”