Caterpillar Names New CTO, Announces Other Executive Role Shifts

Caterpillar Names New CTO, Announces Other Executive Role Shifts 595 335 C-Suite Network
Caterpillar names a new chief technology officer as high-tech solutions become increasingly important.

announced Doug Hoerr, vice president of the Material Handling & Underground Division has elected to retire from the company, while Caterpillar’s board of directors has appointed a new vice president, and announced new responsibilities for three current vice presidents, including a new chief technology officer.

After 24 years of service to the company, Doug Hoerr, Caterpillar vice president of MH&U, has elected to retire from Caterpillar.

“For more than 20 years of his career with Caterpillar, Doug worked in a wide range of accounting and finance roles with increasing levels of responsibility and global scope,” said Jim Umpleby, Caterpillar CEO. “In 2012, Doug was named group CFO for Customer & Dealer Support, a position he held until being named a Caterpillar vice president in 2015.”

In his role as chief financial officer for Customer & Dealer Support, Hoerr was instrumental in coordinating key elements of the Across the Table initiative, which drove improved performance and alignment between Caterpillar and the worldwide dealer network. Most recently within MH&U, Hoerr led the execution of Caterpillar’s Operating & Execution Model resulting in restructuring of the MH&U operational footprint as well as the product portfolio.

Hoerr joined Caterpillar in 1993 after working for the accounting firm of McGladrey, where he gained experience in auditing and corporate tax. Within Caterpillar, he held numerous positions of increasing responsibility in accounting, business analysis and business resources in Customer Services Support, Parts Distribution, Integrated Manufacturing, Finance Services Division, Large Engine Products & Fuel System Division, Corporate Services Division and Large Power Systems Division. In 2012, he was named group CFO for Customer & Dealer Support. On January 1, 2015, Hoerr became a Caterpillar vice president. His retirement is effective August 1, 2017.

Caterpillar is also announcing changes in responsibilities for current Caterpillar vice presidents Tom Bluth, Jean Savage and Karl Weiss. These changes will be effective August 1.

Bluth, who was first named a vice president in 2007 and is currently vice president of the Surface Mining & Technology Division will become Caterpillar’s chief technology officer (CTO) and the vice president of the Innovation & Technology Development Division (ITDD).

Since joining Caterpillar in 1995, Bluth has held numerous positions, including corporate attorney in the Legal Services Division, industry manager in the Latin America Commercial…