Caterpillar CEO Joe Creed to Succeed Jim Umpleby as Chairman

Caterpillar Inc. announced that CEO Joe Creed will become chairman of the board, effective April 1, 2026. He will succeed Jim Umpleby, who is retiring after more than 40 years with the company.

Insights:
Caterpillar Inc. has announced a significant leadership transition, with CEO Joe Creed joe creedset to assume the role of chairman of the board, effective April 1, 2026. This move follows the retirement of Jim Umpleby jim umpleby, who has spent over four decades with the company, marking the end of an era for the construction equipment manufacturer.
Jim Umpleby, chairman & CEO of Caterpillar, and Joe Creed, COO of Caterpillar, pose together on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 15, 2025. REUTERS/Brendan McDermid
Jim Umpleby, chairman & CEO of Caterpillar, and Joe Creed, COO of Caterpillar, pose together on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 15, 2025. REUTERS/Brendan McDermid
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