IRVING,
Texas, June 21, 2023 /PRNewswire/ -- Caterpillar
Inc. (NYSE: CAT) announced today Chief Legal Officer and General
Counsel Suzette M. Long will retire
on December 31, 2023, following a
distinguished 18-year career at the company. Derek Owens, who currently serves as Vice
President and Deputy General Counsel, will assume the role of
Senior Vice President and General Counsel on July 1, 2023. Following a period of transition,
he will become Chief Legal Officer and General Counsel effective
January 1, 2024.
"Suzette has been a trusted advisor, strategic business partner
and an invaluable colleague to our Executive Office,"
said Caterpillar Chairman and CEO Jim
Umpleby. "She strengthened the legal function while
supporting the execution of our strategy for profitable growth and
helped lead Caterpillar through complex matters while reinforcing
our commitment to help our customers build a better, more
sustainable world. We have relied on Suzette's exemplary
leadership, advice and sound judgment over the years, and her
contributions to Caterpillar went far beyond the Law, Security and
Public Policy division. I thank Suzette for her dedicated
service."
Owens joined Caterpillar in 2019 as associate general counsel,
litigation & investigations, after 15 years of increasing
responsibility at the U.S. Attorney's Office of the Department of
Justice where he last served as a deputy chief. At Caterpillar,
Owens has led teams in various practice areas in the legal
department with a focus on supporting the business goals and
serving the customer. In his current role, Owens is
responsible for overseeing and providing legal guidance for
commercial and transactional matters for Services, Distribution
& Digital, as well as enterprise-wide internal investigations,
and tax and litigation matters. He received his juris
doctorate from Santa Clara University
School of Law and his bachelor's degree from the University of Wisconsin Oshkosh.
"We are fortunate to have a deep bench of talent at
Caterpillar," said Umpleby. "Derek brings a unique set of skills
that will benefit our Law, Security and Public Policy team and the
entire enterprise. On behalf of our leadership team and the board
of directors, I wish Suzette all the best in her retirement and
congratulate Derek on his new role."
About Caterpillar
With 2022 sales and revenues of
$59.4 billion, Caterpillar Inc. is
the world's leading manufacturer of construction and mining
equipment, off-highway diesel and natural gas engines, industrial
gas turbines and diesel-electric locomotives. For nearly 100 years,
we've been helping customers build a better, more sustainable world
and are committed and contributing to a reduced-carbon future. Our
innovative products and services, backed by our global dealer
network, provide exceptional value that helps customers succeed.
Caterpillar does business on every continent, principally operating
through three primary segments – Construction Industries, Resource
Industries and Energy & Transportation – and providing
financing and related services through our Financial Products
segment. Visit us at caterpillar.com or join the conversation on
our social media channels at
caterpillar.com/en/news/socialmedia.html.
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SOURCE Caterpillar Inc.