Caterpillar(US:CAT) Xin Lang Cai Jing·2026-01-14 10:10Core Viewpoint - Caterpillar Inc. announces leadership transition with D. James Umpleby III stepping down as Executive Chairman and Board Member on April 1, 2026, after 45 years with the company, including 8 years as CEO. Joseph E. Creed will succeed him as Chairman [3][6]. Group 1: Leadership Transition - D. James Umpleby III has served as CEO for 8 years and will transition to Executive Chairman in May 2025 before stepping down completely in April 2026 [3][6]. - Joseph E. Creed, currently the CEO, will take over as Chairman, having joined Caterpillar in 1997 and held various significant positions, including COO and Group President for Energy and Transportation [6]. - Debra L. Reed-Klages will continue as Lead Independent Director, having served on the board since June 2015 and as Lead Independent Director since June 2022 [3][4]. Group 2: Contributions and Future Outlook - Umpleby has been credited with developing and implementing strategies that drive long-term profitable growth and create significant value for shareholders [6]. - Umpleby expressed pride in working with Caterpillar's global employees and confidence in Creed's leadership for the company's future [7].