Jim Umpleby

Jim Umpleby
Born 1958 (age 59–60)
Alma mater Rose-Hulman Institute of Technology (1980)
Occupation Business Executive
Years active 1980 (1980)–present
Employer Caterpillar Inc.
Home town Highland, Indiana
Title CEO, Caterpillar Inc.
Term Starting 2017
Predecessor Douglas R. Oberhelman
Spouse(s) Katherine Umpleby[1]
Children 2 children[1]

D. James Umpleby III (born 1958) is an American businessman. He became the CEO of Caterpillar Inc. in Peoria, Illinois as of January 2017.

Biography

Early life

Umpleby was raised in Highland, Indiana[2] and attended Rose-Hulman Institute of Technology. He graduated with a Bachelor's degree in 1980.[3]

Career

After graduating from Rose-Hulman, Umpleby joined Solar Turbines, Inc. in San Diego, California shortly thereafter. [3][4] Solar Turbines, a wholly owned Caterpillar subsidiary, is one of the world's leading manufacturers of industrial gas turbine systems. Over the course of his career at Caterpillar, Umpleby has held leadership positions in a variety of functions across the world. Umpleby became a Caterpillar vice president and president of Solar Turbines in 2010. Immediately prior to becoming CEO, Umpleby was group president of Caterpillar’s energy and transportation business segment.[5]

In September 2017, Caterpillar held a conference for investors at which Umpleby presented the details of a new corporate strategy focused on profitable growth, through expanded product offerings, increased focus on operational excellence and providing services in digitally-enabled technologies and other areas that support customers. Barron’s, a U.S.-based financial magazine, described the new corporate strategy stating, “…investors can expect a more return-focused company . . . with a new approach similar to what we have seen from its peers, such as Deere (DE), Parker Hannifin (PH), Cummins (CMI) and Illinois Tool Works (ITW) that are further along this journey. If executed, we believe that this should drive improved financial returns, which are currently in the middle of the pack, and a possible re-rating of the stock over time.” [6] [7]

Umpleby was elected to the board of directors of the Chevron Corporation effective March 1, 2018.[8]

References

  1. 1 2 "Donald Umpleby Jr" (obituary), Post Tribune via legacy.com, July 1, 2015. Retrieved 2017-02-01.
  2. ↑ Nightengale, Laura, "Who is incoming Caterpillar CEO Jim Umpleby?", Journal Star, October 17, 2016. Retrieved 2017-01-31.
  3. 1 2 "Executive Profile: D. James Umpleby III", bloomberg.com. Retrieved 2017-01-31.
  4. ↑ "History". mysolar.cat.com. Solar Turbines Incorporated. 2006. Archived from the original on 2010-11-19. Retrieved 2010-11-19.
  5. ↑ {https://www.rose-hulman.edu/news/2018/Caterpillar-CEO-Jim-Umpleby-to-Present-Rose-Hulman-Commencement-Address.html%7Caccessdate=4 September 2018}
  6. ↑ {https://www.barrons.com/articles/new-caterpillar-ceo-focuses-on-returns-1505476918%7Caccessdate=4 September 2018}
  7. ↑ {http://www.barrons.com/articles/caterpillar-theres-a-new-sheriff-in-town-1505417586%7Caccessdate=4 September 2018}
  8. ↑ {https://www.reuters.com/article/us-chevron-director/chevron-adds-caterpillar-ceo-to-board-after-watson-exit-idUSKBN1FL5O2%7Caccessdate=4 September 2018}
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