Article: Caterpillar Vice President James S. Beard, President of Caterpillar Financial Services Corporation, to Retire in 2005.

Caterpillar Inc. announced today that Vice President and Caterpillar Financial Services Corporation President James S. (Jim) Beard will retire March 1, 2005, after a distinguished 40-year career. The Caterpillar board of directors has named Kent M. Adams, executive vice president of Caterpillar Financial Services Corporation (Cat Financial), to succeed Beard as vice president of the Financial Products Division, which includes Cat Financial, Caterpillar Insurance Services Corporation, Caterpillar Redistribution Services Inc. and Caterpillar Power Ventures Corporation.

"Jim Beard leaves a remarkable legacy at Caterpillar as the initial project manager who in 1981 ...

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