Caterpillar Announces Officer Appointments

Fri Feb 15, 2013 10:00am EST

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130215:nPnCG60574



PEORIA, Ill.,  Feb. 15, 2013  /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT)
announced today the appointment of a new vice president and changes in
responsibility for an existing vice president.


New responsibilities for Bluth

Caterpillar is moving  Tom Bluth, Caterpillar vice president with responsibility
for the Earthmoving Division, to become vice president with responsibility for
the Mining Products Division. The Mining Products Division is part of
Caterpillar's Resource Industries Group and  is responsible for product strategy
development, product design and sourcing for Caterpillar's mining business. 
Bluth will replace  Luis de Leon, whose departure from the company was
previously announced.

"With important previous leadership assignments in  China,  Europe  and  North
America  during his Caterpillar career, Tom brings significant product and
operations experience to this position. Having led the Earthmoving Division
since 2009, Tom has improved the market position and profitability for
earthmoving machines and has consistently demonstrated the ability to improve
product quality while developing and delivering products and services that are
critical for the success of our customers around the world," said  Steve
Wunning, Caterpillar group president with responsibility for Resource
Industries.

In 2007, Bluth was first appointed a vice president with responsibility for
Caterpillar's Asia Pacific Manufacturing Operations. In 2009, Bluth was
appointed a vice president with responsibility for the Earthmoving Division.
Bluth joined Caterpillar's Legal Services Division in 1995 from private legal
practice in  Washington, D.C.  He held positions within the Legal Services
Division until  1998, and then moved to a series of broad-based business roles
including marketing leadership positions in  Latin America  and  North America.
Previously, Bluth was worldwide medium wheel loader product manager and Managing
Director of Caterpillar France.   

Bluth holds a degree in electrical engineering from  Iowa State University, a
MBA from the  University of Chicago  and a law degree from  Northwestern
University.  

Karl Weiss  named Vice President

Caterpillar's Board of Directors has appointed  Karl Weiss  to replace Bluth as
Caterpillar vice president with responsibility for the Earthmoving Division.   

"During his 20-year career with Caterpillar, Karl has held positions with
increasing levels of responsibility in the areas of product design, marketing,
operations and product management, including significant leadership positions in
 North America,  Europe  and  Asia," said  Ed Rapp, Caterpillar group president
with responsibility for Construction Industries. "His previous leadership and
success in these global positions has given Karl the type of deep expertise and
international experience that provides an ideal background for leading our
Earthmoving business," Rapp added.   

Since 2009, Weiss has been the world wide product manager for Caterpillar's
medium wheel loaders. Previously, he was  Asia  regional product manager for
both Cat and SEM wheel loaders based in  Beijing. Weiss joined Caterpillar in
1992 as a design engineer in Caterpillar's Mining Vehicle Center in  Decatur,
Illinois. Weiss was then promoted to a number of engineering, product support
and product manager positions with increasing levels of responsibility.  

Weiss holds a degree in agricultural engineering from  Purdue University  and a
MBA from  Northern Illinois University.  

Both moves will be effective  April 1, 2013.

About Caterpillar:
For more than 85 years, Caterpillar Inc. has been making sustainable progress
possible and driving positive change on every continent.   With 2012 sales and
revenues of  $65.875 billion, Caterpillar is the world's leading manufacturer of
construction and mining equipment, diesel and natural gas engines, industrial
gas turbines and diesel-electric locomotives.   The company also is a leading
services provider through Caterpillar Financial Services, Caterpillar
Remanufacturing Services and Progress Rail Services.   More information is
available at:  http://www.caterpillar.com.

Forward-Looking Statements
Certain statements in this press release  relate to future events and
expectations and are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995.   Words such as "believe,"
"estimate," "will be," "will," "would," "expect," "anticipate," "plan,"
"project," "intend," "could," "should" or other similar words or expressions
often identify forward-looking statements.   All statements other than
statements of historical fact are forward-looking statements, including, without
limitation, statements regarding our outlook, projections, forecasts or trend
descriptions. These statements do not guarantee future performance, and we do
not undertake to update our forward-looking statements.  

Caterpillar's actual results may differ materially from those described or
implied in our forward-looking statements based on a number of factors,
including, but not limited to: (i) global economic conditions and economic
conditions in the industries and markets we serve; (ii) government monetary or
fiscal policies and infrastructure spending; (iii) commodity or component price
increases and/or limited availability of raw materials and component products,
including steel; (iv) our and our customers', dealers' and suppliers' ability to
access and manage liquidity; (v) political and economic risks and instability,
including national or international conflicts and civil unrest; (vi) our and Cat
Financial's ability to: maintain credit ratings, avoid material increases in
borrowing costs, and access capital markets; (vii) the financial condition and
credit worthiness of Cat Financial's customers; (viii) inability to realize
expected benefits from acquisitions and divestitures, including the acquisition
of Bucyrus International, Inc.; (ix) international trade and investment
policies; (x) challenges related to Tier 4 emissions compliance; (xi) market
acceptance of our products and services; (xii) changes in the competitive
environment, including market share, pricing and geographic and product mix of
sales; (xiii) successful implementation of capacity expansion projects, cost
reduction initiatives and efficiency or productivity initiatives, including the
Caterpillar Production System; (xiv) sourcing practices of our dealers or
original equipment manufacturers; (xv) compliance with environmental laws and
regulations; (xvi) alleged or actual violations of trade or anti-corruption laws
and regulations; (xvii) additional tax expense or exposure; (xviii) currency
fluctuations; (xix) our or Cat Financial's compliance with financial covenants;
(xx) increased pension plan funding obligations; (xxi) union disputes or other
employee relations issues; (xxii) significant legal proceedings, claims,
lawsuits or investigations; (xxiii) compliance requirements imposed if carbon
emissions legislation and/or regulations are adopted; (xxiv) changes in
accounting standards; (xxv) failure or breach of IT security; (xxvi) adverse
effects of natural disasters; and (xxvii) other factors described in more detail
under "Item 1A.   Risk Factors" in our Form 10-K filed with the SEC on February
21, 2012 for the year ended December 31, 2011.   This filing is available on our
website at  www.caterpillar.com/secfilings.



SOURCE  Caterpillar Inc.


Jim Dugan, Global Government & Corporate Affairs, +1-309-494-4100,
dugan_jim@cat.com

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.