Article: Caterpillar Outlines Leadership Succession Plan; Board Names Doug Oberhelman Vice Chairman and Chief Executive Officer - Elect.

The Board of Directors of Caterpillar Inc. (NYSE:CAT) elected Douglas R. Oberhelman to the offices of Vice Chairman and Chief Executive Officer - Elect, effective January 1, 2010. Oberhelman, 56, currently serves as Group President of Caterpillar with responsibility for the company's engine and gas turbine businesses, human services, rail services and remanufacturing divisions. As Vice Chairman and Chief Executive Officer - Elect, Oberhelman will take on the additional responsibilities of managing the leadership transition and updating the company's strategy.

Announcing the succession plan at this time allows Oberhelman to concentrate on aligning resources for ...

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