Douglas R. Oberhelman is chairman and CEO of Caterpillar Inc. in Peoria, Ill.
Mr. Oberhelman joined Caterpillar in 1975 and has held a variety of positions, including senior finance representative based in South America for Caterpillar Americas Co.; region finance manager and district manager for the company’s North American Commercial Division; and managing director and vice general manager for strategic planning at Caterpillar Japan Ltd. in Tokyo.
In 1995, Mr. Oberhelman was elected a vice president, serving as Caterpillar’s CFO with administrative responsibility for the corporation’s accounting, information services, tax, treasury, investor relations and marketing support services areas until November 1998. In 1998, he became vice president with responsibility for the Engine Products Division, including the market development, strategic planning, supplier management, electric power generation and worldwide marketing and administration for Caterpillar’s engine business.
Mr. Oberhelman was elected a group president and member of Caterpillar’s executive office in 2002. As a group president, he was responsible for financial products, legal services, auditing and compliance, global purchasing, human services, remanufacturing, corporate treasury, tax and investor relations. His responsibilities also included marketing, rail, energy and power systems businesses, as well as marketing, manufacturing and sales operations in the Asia-Pacific and Japan. In October 2009, the Caterpillar Board of Directors named him vice chairman and CEO-elect. During this time, he led a team that developed the future strategic plan for the company. He was elected CEO and to Caterpillar’s Board of Directors effective July 1, 2010, and became chairman effective November 1, 2010.
Mr. Oberhelman has a bachelor’s degree in finance from Millikin University. He serves on the Audit and Finance Committees at Eli Lilly and Company, chairs the National Association of Manufacturers’ Board of Directors and is on the board of the Wetlands America Trust. He is active with the Nature Conservancy, serving on the Latin American Conservation Council and the board of the Illinois Chapter. He is also a member of the Business Council and the Business Roundtable, where he serves on the Executive Committee and chairs the International Engagement Committee. He has served as chairman of the board of trustees for Millikin University and chairman of the board of directors for the Easter Seals. He formerly served on the board of Ameren Corporation, chairing the Audit Committee and serving on the Nominating and Governance Committee and the Public Policy Committee. Mr. Oberhelman is also a former director for the board of South Side Bank.
For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services and Progress Rail Services.