People: Caterpillar Inc (CAT.N)
26 May 2017
Mr. Edward B. Rust, Jr., is an Independent Director of Caterpillar Inc. Mr. Rust retired as Chairman in 2017 and as Chief Executive Officer in 2016 of State Farm Mutual Automobile Insurance Company. The Board believes that Mr. Rust’s financial and business experience is valuable to the Board. His role as a past Chairman of the U.S. Chamber of Commerce, chief executive officer of a major national corporation and experience as a director of large, publicly-traded multinational corporations enables him to provide meaningful input and guidance to the Board and the Company. In addition, his extensive involvement in education improvement compliments the Company’s culture of social responsibility.
|Total Annual Compensation, USD||175,000|
|Restricted Stock Awards, USD||125,015|
|Long-Term Incentive Plans, USD||--|
|All Other, USD||22,833|
|Fiscal Year Total, USD||322,848|