Caterpillar CEO Joins ExxonMobil Board
Exxon Mobil Corporation announced today that its shareholders have elected Doug Oberhelman to its board of directors. Oberhelman is chairman of the board of directors and chief executive officer of Caterpillar Inc. With the election of Oberhelman, the ExxonMobil board stands at 12 directors, 11 of whom are non-employee directors. Oberhelman was named CEO and chairman of Caterpillar’s board in 2010. Prior to that, he served as group president of various divisions within Caterpillar from 2002 to 2010…
Caterpillar CEO: Dip in Oil Prices a Headwind in 2015
Caterpillar Inc chief executive Doug Oberhelman said on Friday that oil prices have been a headwind for the manufacturer and will continue to be in 2015. Oberhelman, speaking at an Export-Import Bank conference, said the problem is partly offset by the fact that Caterpillar products use diesel fuel. He said a dip in diesel prices has helped the U.S. economy. Reporting by Krista Hughes
Reed Nominated to Caterpillar Board
Caterpillar Inc. announced today that the Caterpillar Board of Directors has nominated Debra L. Reed to join the Board, with the election to occur at the June 2015 annual stockholders meeting. Reed, 58, is the Chairman and CEO of Sempra Energy, a San Diego, California-based energy company. She began her Sempra Energy career in 1978 as an engineer and worked her way into leadership positions at Sempra Energy, as well as Southern California Gas Co. and San Diego Gas & Electric, Sempra Energy’s two regulated California utilities.
Caterpillar to Stay in Peoria
After a multiyear study focused on modernizing its global headquarters, Caterpillar Inc. today reaffirmed it will remain in Peoria, Illinois, and revealed a design that will eventually span 31 acres on the city’s riverfront. A three-tower building located in the heart of a six-block campus, which includes innovative work spaces and amenities designed to retain and attract the finest talent in the world. A commitment to invest and act as a catalyst in Peoria, helping revitalize the downtown and the region as a vibrant destination.
Commodity, Oil Prices hit Caterpillar Profit
Caterpillar Inc on Tuesday reported lower quarterly net profit that missed expectations as lower prices for copper, coal and iron ore hurt mining equipment orders, and warned the recent fall in oil prices would make for a difficult year in 2015. The report sent the company's shares down nearly 6 percent in premarket trading. The world's largest maker of construction and mining equipment said it expects only a modest improvement in the global economy in 2015 and gave an earnings outlook for the year below Wall Street estimates.
Caterpillar CEO Will Attend APEC CEO Summit
Chairman and CEO Doug Oberhelman is joining APEC economic leaders, business decision-makers and academics to discuss opportunities to strengthen regional economic integration and the global multilateral trade system during the 2014 APEC CEO Summit in Beijing. As a U.S. member company of the APEC Business Advisory Council (ABAC), Caterpillar has been working with business leaders from the 21 economies of APEC to provide recommendations to APEC leaders on priorities including infrastructure investment…
Caterpillar Named to Dow Jones Sustainability Indices
Caterpillar Inc. has been named to the 2014 Dow Jones Sustainability Indices (DJSI), recognizing Caterpillar as a sustainability leader in the Industrial Engineering sector. This marks the 13th year for Caterpillar to be included in the list since DJSI debuted in 1999. The annual DJSI process involves a thorough analysis of corporate economic, environmental and social performance factors, assessing issues such as innovation management…
Caterpillar Announces 17% Dividend Rate Increase
The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted today to increase the quarterly cash dividend by 17 percent to seventy cents ($0.70) per share of common stock, payable August 20, 2014, to stockholders of record at the close of business on July 21, 2014. “This dividend increase demonstrates our financial strength and confidence in long-term prospects for the company. Despite business and economic uncertainties around the world…
