US EditionCaterpillar CEO Creed to Become Chairman
Joseph E. Creed will become board chairman as D. James Umpleby III retires after 45 years, with Caterpillar reporting $64.8 billion in 2024 revenues.
- On Jan. 6, 2026, Caterpillar's Board announced that D. James Umpleby III will retire as Executive Chairman and Board member effective April 1, 2026, and Joseph E. Creed will assume the Chairman role.
- After a long tenure at the company, D. James Umpleby III, who served as chief executive and moved to Executive Chairman last year, plans to retire effective April 1, 2026.
- Joseph E. Creed, who rose through the company, has held senior roles including Chief Operating Officer and Group President of Energy & Transportation, added Creed, expressing thanks to Jim for his lasting impact.
- The Board framed the move as continuity, with Debra L. Reed-Klages continuing as lead independent director, while Creed said, 'On behalf of the Board and the entire Caterpillar team worldwide, I want to express my heartfelt thanks to Jim whose years of dedicated service have made a lasting impact and helped shape our legacy of excellence,' added Creed.
- Looking toward its second century, Caterpillar Inc. reported $64.8 billion in sales, and D. James Umpleby III expressed confidence in Joseph E. Creed as the new Chairman of the Board.
23 Articles
23 Articles
abc12/WJRT
Caterpillar Chief Executive Officer Joe Creed Elected Chairman of the Board
IRVING, Texas, Jan. 6, 2026 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) announced that, after 45 years of service, including eight years as Caterpillar's CEO, D. James Umpleby III will retire as Executive Chairman and as a member of the Caterpillar…
Caterpillar CEO Elected as Company's New Board Chairman
Dallas Innovates, Every Day: Here's what's new + next in North Texas. Irving-based Caterpillar Inc. has named CEO Joseph E. Creed as chairman of its board of directors, effective April 1, 2026, when current executive chairman and board member D. James Umpleby III retires. As part of this leadership transition, Debra L. Reed-Klages, who has served as a director since June 2015 and independent presiding director since June 2022, will continue to …
The executive will succeed D. James Umpleby III, who will retire on April 1st.
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