Caterpillar has made its first significant corporate changes under new Chairman Jim Owens. Caterpillar's mid-April announcement of a new group president, along with new officer changes, masked a somewhat major reorganization of the reporting structure for the Peoria, Ill-based manufacturer, especially on the engine side.
The moves and organizational changes were triggered, at least in part, by the July 1 retirements of two group presidents, Richard L. Thompson and Donald M. Ings. ...