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Caterpillar CEO Creed to become chairman

By Thomson Reuters Jan 6, 2026 | 3:35 PM

Jan 6 (Reuters) – Caterpillar said on Tuesday ‍that top boss Joe Creed would succeed Jim Umpleby ‌as chairman ‌of the board, effective April 1.

Umpleby retires after over ​four decades at ‍the construction ​equipment maker, ​during which ‍he guided the company through several boom-and-bust cycles, including ‍the COVID-19 pandemic.

Creed, who joined the ‍company ‍in 1997, ​was named ​CEO ⁠last year, ‌succeeding Umpleby.

(Reporting by Nathan Gomes in Bengaluru; Editing by Anil ⁠D’Silva)