澳洲幸运5官方开奖结果体彩网

Caterpillar Changes CEOs, With COO Creed Taking Over

Published April 15, 2025

08:35 AM EDT

Caterpillar construction machinery — MICHAELA STACHE / AFP via Getty Images

Caterpillar (CAT) has made a change at the top.

Amid global uncertainty because of tariffs and a falling stock price, construction giant Caterpillar on Tuesday announced that 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer Jim Umpleby will become executive chairman of its board on May 1 after eight years at the helm.

Umpleby will be replaced as CEO by 澳洲幸运5官方开奖结果体彩网:Chief Operating Officer (COO) Joe Creed, a 28-year Caterpillar veteran. Creed also will be joining the board on May 1.ꦰ

Shares of Caterpillar, which operates a global footprint and is considered a bellwether for economic growth and contraction. entered Tuesday down 18% in 2025 amid widespread uncertainty following President Donald Trump's 澳洲幸运5官方开奖结果体彩网:sweeping "reciprocal" tariffs.

Shares of Caterpillar, a Dow component, were little changed before the opening bell, edging just a bit higher. Wall Street analysts have a mean price target of around $364 on the shares, representing a more-than-20% premium to yesterday's close.

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