Jim Umpleby

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POS
Born 1958 (age 59–60)[citation needed]
Alma mater Rose-Hulman Institute of Technology (1980)
Occupation Business Executive
Years active 1980 (1980)–present
Employer Caterpillar Inc.
Home town Highland, Indiana
Title CEO, Caterpillar Inc.
Term Starting 2017
Predecessor Douglas R. Oberhelman
Board member of
U.S.-India Business Council
Rose-Hulman.[1]
Spouse(s) Katherine Umpleby[2]
Children 2 children[2]

Jim Umpleby (born 1958) is an American businessman. He became the CEO of Caterpillar Inc. in Peoria, Illinois as of January 2017.

Biography[edit]

Early life[edit]

Umpleby was raised in Highland, Indiana[3] and attended Rose-Hulman Institute of Technology. He graduated with a Bachelor's degree in 1980.[4]

Career[edit]

Umpleby joined the Solar Turbines unit of International Harvester after his college graduation in 1980. Caterpillar purchased Solar Turbines, Inc. shortly thereafter. [4][5]

In January 2017, Umpleby announced that Caterpillar would move its corporate headquarters to Chicago from Peoria, citing the greater accessibility and strategic location of Chicago particularly for the company's large international business.[6] In a Q&A Umpleby said the new headquarters would start with around 100 staff and would eventually house about 300 employees. He also said the move was part of the "painful process" of downsizing and restructuring to respond to a 40% sales drop and global market shifts since 2012.[7]

References[edit]

  1. ^ "Jim Umpleby", WRI Board profile webpage. Retrieved 2017-01-31.
  2. ^ a b "Donald Umpleby Jr" (obituary), Post Tribune via legacy.com, July 1, 2015. Retrieved 2017-02-01.
  3. ^ Nightengale, Laura, "Who is incoming Caterpillar CEO Jim Umpleby?", Journal Star, October 17, 2016. Retrieved 2017-01-31.
  4. ^ a b "Executive Profile: D. James Umpleby III", bloomberg.com. Retrieved 2017-01-31.
  5. ^ "History". mysolar.cat.com. Solar Turbines Incorporated. 2006. Archived from the original on 2010-11-19. Retrieved 2010-11-19. 
  6. ^ Steele, Anne, "Caterpillar to Move Global Headquarters to Chicago" (subscription), Wall Street Journal, January 31, 2017. Retrieved 2017-01-31.
  7. ^ Buedel, Matt, "Exclusive Q&A with Caterpillar Inc. CEO Jim Umpleby about headquarters moving", Journal Star, January 31, 2017. Retrieved 2017-01-31.