---
schema_version: "secwatch.filing_event.v1"
accession: "0000018230-23-000051"
form_type: "8-K"
ticker: "CAT"
cik: "0000018230"
company_name: "CATERPILLAR INC"
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:29:46.260761+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000018230-23-000051
- form_type: 8-K
- ticker: CAT
- cik: 0000018230
- company_name: CATERPILLAR INC
- filed_at: 2023-10-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18230/000001823023000051/0000018230-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18230/000001823023000051/cat-20231011.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000018230-23-000051
- JSON: https://secwatch.observer/filing/0000018230-23-000051.json
- Plain text: https://secwatch.observer/filing/0000018230-23-000051.txt

## Key facts
- Executive change
  Joseph E. Creed was appointed as Chief Operating Officer at CATERPILLAR INC.
  - Action: appointed
  - Role: Chief Operating Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/18230/000001823023000051/0000018230-23-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.