Caterpillar Appoints Chief Operating Officer

Caterpillar Inc. has announced that Joseph E. Creed, group president of Energy & Transportation, has been appointed to the newly created position of chief operating officer, effective November 2023. In this newly created position, Creed will report to Jim Umpleby, chairman and chief executive officer.

Creed joined Caterpillar in 1997 and has held numerous positions of increased responsibility across multiple divisions of Caterpillar. He was promoted to chief financial officer for Caterpillar's Energy & Transportation business segment in 2013, then to vice president of Caterpillar's Finance Services Division in 2017. Creed also served as interim chief financial officer for Caterpillar in 2018. He then became vice president of the Oil & Gas and Marine Division and the Electric Power Division. In 2021, he was promoted to group president of Energy & Transportation.

"Joe's extensive financial experience across Caterpillar's engine and machine businesses, combined with his leadership of our Energy & Transportation segment, position him well for his new role. Joe will help lead the continued execution of our strategy for profitable growth and pursue the market opportunities associated with the energy transition and growing global energy demand." said Caterpillar Chairman and CEO Jim Umpleby. "

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