Peoria, Ill., USA - December 10, 2010, Peoria, Ill., USA - Caterpillar Inc., a manufacturer of construction and mining equipment, announced several changes at the officer level, including the initial leadership for the integration of Bucyrus International.
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After more than 41 years with Caterpillar, Jim Parker, vice president, Americas Distribution Division, has elected to retire effective January 1, 2011. Mr. Parker joined Caterpillar in 1969 and spent several years as a research technician. Later in the 1970s, he held several senior-level pricing positions within Caterpillar's engine division and corporate offices. He then held the position of pricing manager for Caterpillar Far East Ltd., as well as serving in a variety of engine and power systems marketing positions, with particular emphasis on marine and industrial strategic planning.
Beginning in the 1990s, he was promoted to manager of marketing support for engine power systems in Caterpillar Asia Pte. Ltd. In 1998 he became the director of the Electric Power & Engine Products Division, and in 2001 he was elected Vice President, Power Systems & OEM Solutions Division. Mr. Parker has a bachelor’s degree from Bradley University and completed the Stanford University Executive Program.
Caterpillar's board of directors has appointed Bill Finerty to replace Jim Parker as vice president, Americas Distribution Division. Mr. Finerty's move will be effective January 1, 2011.
Mr. Finerty joined Caterpillar in 1984 in the Marketing Training Program as a sales development tech. He then held a series of positions in the United States and Europe with growing responsibilities in the areas of marketing, finance and mining. In 2005, he was named a regional manager for the Americas Distribution Division, and for the last five years has been instrumental in the growth and development of the North American Dealer organization. Mr. Finerty has a bachelor's degree in accounting from Southern Illinois University.
Caterpillar has announced that Steve Fisher will become vice president with responsibility for the integration of Bucyrus International, Inc. Mr. Fisher is currently Caterpillar vice president with responsibility for the Remanufacturing & Components Division.
Greg Folley will replace Mr. Fisher as vice president with responsibility for the Remanufacturing & Components Division. He is currently vice president with responsibility for the Human Services Division.
Mr. Folley has responsibility for Corporate Human Resources, Corporate Public Affairs, Governmental Affairs, Compensation + Benefits, Sustainable Development and Environment, Health and Safety. Previously, Mr. Folley was vice president of the Core Components Division. A replacement for Folley as the Vice President of the Human Services Division will be named at a later date.
Jiming Zhu, Caterpillar vice president responsible for the China Division, has elected to leave the company. Mr. Zhu's departure from Caterpillar will be effective December 31, 2010.
Mr. Zhu will not be replaced with a Caterpillar corporate vice president. Instead, Caterpillar Group President Rich Lavin is moving to Hong Kong, where Caterpillar has established a new executive office. ■