Jim Umpleby is the new CEO of CAT (Caterpillar Inc.,$138.96), located in Peoria Illinois. CAT is a Fortune 100 company that markets and sells machinery through design and engineering. CAT is listed in the Dow Jones Industrial Average (DJIA) sector and the built a strong revenue of $45 billion in 2017.
Coming from his hometown of Highland, Indiana, Jim Umpleby attended Rose-Hulman college. He found CAT through his past job as an engineer and then the president of Solar Turbines, a CAT subsidiary company. Caterpillar proudly states in Umpleby’s biography,
“Jim is leading the company’s execution of the new enterprise strategy to achieve profitable growth. The strategy is based on operational excellence and making Caterpillar’s customers more succesful by providing expanded offerings of products and services.”
CAT is the world’s largest construction and mining equipment corporation and has been dealing with falling prices for mining and oil materials since 2012. Analysts feel that there will be “darker days ahead” for Umpleby to lead the corporation ahead of slower production. However, shareholders and the leader of the company feel very strong about the new CEO and have faith that he will lead the company to historical makings.
— Caterpillar Inc. (@CaterpillarInc) July 30, 2018
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