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Caterpillar consolidating divisions following retirement announcement

Published by
World Coal,


Caterpillar Inc. has announced that Steve Niehaus, currently Vice President with responsibility for the Electric Power Division (EPD), is retiring.

Following Niehaus’ retirement, the company will consolidate the Electric Power and Marine & Petroleum Power Divisions (MPPD) into the new Electric Power, Marine and O&G Division (EPMOG), led by current MPPD Vice President Tom Frake.

Niehaus has elected to retire after 27 years of service with the company, including the last three as Vice President with responsibility for EPD.

“Much of Steve’s career has been spent in marketing and commercial engines, and in his most recent position, he has provided critical leadership in strengthening and aggressively growing Caterpillar’s electric power business,” said Jim Umpleby, Caterpillar Group President with responsibility for Energy and Transportation. “He has lived all over the world helping our customers and employees develop and grow – from Saudia Arabia to Brazil to Singapore and throughout the US. I’m grateful to Steve for his many contributions to Caterpillar and wish him well in retirement.”

Since joining Caterpillar in 1989 as a marketing trainee, Niehaus has held numerous positions in the commercial engine businesses, large engine center marketing and Solar Turbines. In 2013, he was named Vice President of EPD.

Frake, a 30-year veteran of Caterpillar, has a broad marketing and product background. He has led MPPD since 2012, which provides a solid foundation for the newly formed EPMOG.

“We continue to focus on our customers’ success with leading and innovative products, services and solutions, while also reducing costs in this challenging environment,” said Caterpillar Chairman & CEO Doug Oberhelman. “Consolidating these energy operations along with the recently announced integration of two divisions within Customer & Dealer Support will bring efficiencies and a streamlined leadership team. With these changes, we will have reduced executive leadership by 13% since 2013.”

The changes will be effective 1 June 2016.

Edited from press release by Harleigh Hobbs

Read the article online at: https://www.worldcoal.com/mining/25022016/caterpillar-consolidating-divisions-following-retirement-announcement-303/


 

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