Caterpillar Inc. is shaking up its strategy as three longtime vice presidents retired and four new vice presidents come on board.
Steve Fisher, Steve Larson and Bill Rohner elected to retire, the company announced. The company’s board appointed four new officials from within and outside the company and is changing responsibilities for other vice presidents.
Tana Utley, vice president of the industrial power systems and growth markets division, will replace Fisher as vice president of the large power systems and growth markets division, effective Oct. 1.
Caterpillar is also realigning parts of its reciprocating engine business to better align engine products with global customer demands. Utley will be accountable for all Caterpillar and Perkins brand engines above 18 liters.
Caterpillar's board appointed Ramin Younessi to replace Utley as vice president with responsibility for the industrial power systems and growth markets division.
Concurrent with the announcement of Larson's retirement, Caterpillar is announcing a realignment of the parts distribution and diversified products division and the customer services support division. Caterpillar's parts distribution business will be integrated into the customer services support division, which is led by vice president Steve Gosselin.
That division is focused on aggressively growing Caterpillar's parts and product support. The division develops and supports deployment of parts and service products, processes and programs for dealers.
Bill Finerty, currently vice president of the Americas distribution services division, will assume responsibilities for the newly realigned diversified products division, which includes Caterpillar's global paving products, forestry products, defense and federal products, OEM Solutions group, Cat Tunneling and the industrial and waste group.