Caterpillar announces retirements, appointments

Caterpillar announced the retirement of vice presidents Sid Banwart and Tom Gales and the appointments of Greg Folley and David Bozeman.

Sid Banwart, vice president of the Human Services Division (HSD), announced his retirement after 41 years with Caterpillar in various positions. Banwart joined the company in 1968 as a development engineer and has served as vice president of the HSD since 2004. He holds a bachelor’s degree in chemical engineering from Iowa State University and an executive MBA from the University of Illinois.

Greg Folley, current vice president with responsibility for the Core Components Division, will replace Banwart. Folley joined Caterpillar in 1995 as a senior labor relations consultant. He holds a bachelor’s degree in economics and a juris doctor degree from the University of Notre Dame.

David Bozeman, current business unit manager, will replace Greg Folley as vice president with responsibility for the Core Components division. Bozeman joined Caterpillar in 2008 after serving as Advanced Manufacturing vice president with Harley-Davidson Motor Company. He holds a bachelor’s degree in manufacturing engineering technology/ mechanical design from Bradley University and a master’s degree in engineering management from the Milwaukee School of Engineering.

Tom Gales, vice president with responsibility for Caterpillar’s Latin American division, previously announced his retirement in 2008, but chose to remain in the position until November of this year to ensure the company’s smooth transition to an Americas Distribution Services Division that includes both North and South America.

Gales joined Caterpillar in 1970 as a sales development trainee and began his current role in 2002. He graduated from the University of Wisconsin-Milwaukee with a marketing degree and holds a master’s degree in management from the Massachusetts Institute of Technology (MIT).