Caterpillar appoints Joseph Creed as COO effective Nov 1, 2023; salary to $1.115M

CATERPILLAR INC

Joseph Creed, formerly Group President of Energy & Transportation, appointed COO effective Nov 1, 2023.
Creed will report to CEO Jim Umpleby; three group presidents (Construction, Resource Industries, Services) will report to Creed.
Compensation: annual salary raised to $1,115,000; target annual incentive award increased from 115% to 130% of salary.
Creed's replacement as group president of Energy & Transportation will be named at a later date.
CFO Andrew Bonfield, CLO Suzette Long, CHRO Cheryl Johnson continue reporting to Umpleby.

item 5.02 item 9.01

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Appointed

Joseph E. Creed

Chief Operating Officer

CAT · CATERPILLAR INC

Effective: 2023-11-01
Filed: October 16, 2023, 7:59 PM ET

On October 11, 2023, the Board of Directors (the “Board”) of Caterpillar Inc. (the “Company” or “Caterpillar”) appointed Joseph E. Creed as the Company’s Chief Operating Officer, effective November 1, 2023.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph E. Creed was appointed as Chief Operating Officer at CATERPILLAR INC.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On October 11, 2023, the Board of Directors (the “Board”) of Caterpillar Inc. (the “Company” or “Caterpillar”) appointed Joseph E. Creed as the Company’s Chief Operating Officer, effective November 1, 2023.

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Source: SEC EDGAR

accession 0000018230-23-000051

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