Caterpillar Announces Executive Officer Retirement
Rhea-AI Summary
Caterpillar Inc. (NYSE: CAT) announced that Chief Human Resources Officer Cheryl H. Johnson will retire on April 30, 2025, after seven years with the company. Chairman and CEO Jim Umpleby acknowledged Johnson's contributions in transforming CAT's HR function, focusing on talent development, and fostering continuous improvement.
Johnson joined Caterpillar in 2017 after a 20-year career at Textron, where she led worldwide human resources, corporate communications, real estate, community affairs, and aviation operations. She currently serves on the board of Flowserve and the HR Policy Association, and is a member of the Executive Leadership Council. The company has initiated a search for a new CHRO.
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News Market Reaction – CAT
On the day this news was published, CAT gained 0.89%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"Cheryl's leadership and vision have transformed the Caterpillar HR function to align with the company's business strategy, sharpened our focus on talent development and cultivated a culture of continuous improvement," said Caterpillar Chairman and CEO Jim Umpleby. "On behalf of the entire Caterpillar team, I thank Cheryl for her dedicated service."
The company has launched a search to fill the CHRO position.
Before joining Caterpillar in 2017, Johnson had a successful 20-year career with Textron, ultimately serving as a member of its executive leadership team. Johnson was responsible for leading Textron's worldwide human resources function, as well as corporate communications, corporate real estate, community affairs, and the company's aviation department.
Johnson is a board member of Flowserve Corporation, the HR Policy Association and is a member of the Executive Leadership Council. She completed the Caterpillar Senior Executive Leadership Program in Corporate Education at Duke University and holds a master's degree in business administration and a bachelor's in operations management from
About Caterpillar
With 2023 sales and revenues of
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SOURCE Caterpillar Inc.
FAQ
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