Manufacturing Magazine October 2023 | Page 27

Solar Turbines industrial gas turbine
IMAGE : CATERPILLAR
Diversity at Caterpillar At a time when diversity is essential for businesses – from supporting working mothers to ensuring people with disabilities can work comfortably in the workplace – Caterpillar is ‘ harnessing the power of everyone ’.
“ We are committed to fostering a workplace that respects and celebrates our employees ’ diverse backgrounds , experiences and perspectives and encourages a culture where employees feel valued and included ,” said Umpleby . “ This heightens the opportunity for greater team

2022 revenues of

US $ 59

Umpleby leads

109,100

employees across 63 countries performance and strengthens us as a company , enabling us to provide superior value for those we serve .”

In October 2022 , Caterpillar ’ s Board of Directors waived a policy requiring its CEO to retire at age 65 – and kept Umpleby on .
“ Waiving the mandatory retirement policy for Jim provides the Board greater flexibility with its CEO succession process ,” said Debra Reed-Klages , Presiding Director . “ Jim has provided strong strategic and operating leadership for the company and we look forward to his continued leadership of the Caterpillar team .”
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