Caterpillar announces retirements, changes at vice president level

By WEEK Reporter

Caterpillar announces retirements, changes at vice president level

October 12, 2012 Updated Oct 12, 2012 at 3:16 PM CDT

PEORIA, Ill -- Following Thursday's shifts at the executive level, Caterpillar announced Friday related changes at the vice president level, including the retirement of Vice Presidents Bill Springer and Gary Stampanato.

After more than 39 years with Caterpillar, Bill Springer, vice president of the Diversified Products Division, has elected to retire. Springer's retirement will be effective February 1, 2013.

"During a career spanning four decades, Bill has developed a reputation for finding innovative solutions for our customers," said Steve Wunning, Caterpillar group president with responsibility for Resource Industries." His demonstrated leadership and passion for supporting our customers is the hallmark of his career."

After 35 years with Caterpillar, Gary Stampanato, vice president of the Excavation Division, has elected to retire. Stampanato's retirement will be effective February 1, 2013.

"During an outstanding career with Caterpillar, Gary has earned a reputation as an innovative and creative leader with a deep level of expertise in manufacturing processes and excellence," said Rich Lavin, Caterpillar group president with responsibility for Construction Industries & Growth Markets. "Most recently, Gary has been instrumental in growing Caterpillar's global excavator manufacturing footprint and business, which positions the company for market leadership with this important product," Lavin added.

Other changes include the appointment of Qihua Chen as the Vice President of China Operations Division, Nigel Lewis as the Vice President of EAME Distribution Division, Jim Johnson as the Vice President of Asia Pacific Distribution Division, Denise Johnson as the Vice President of Diversified Products Division, Julie Lagacy as the Vice President of Finance Services Division and Tom Pellette as Caterpillar Vice President and President of Solar Turbines.

Vice Presidents Rob Charter, Paolo Fellin, Gwenne Henricks and Tana Utley will also be receiving new responsibilities.