Caterpillar CEO Joseph Creed To Become Board Chairman
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Caterpillar Inc. announced that CEO Joseph Creed will become chairman of the board on April 1, succeeding James Umpleby III, who will retire after 45 years with the company. Debra Reed-Klages will remain as lead independent director. Creed has been with Caterpillar since 1997 and became CEO in 2025. The company's stock closed at $623.09, up 1.13%, and traded at $624.99 in after-market hours.
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