Tag: Doug Oberhelman: Page 2

Business

The latest in a string of closings, Caterpillar to shutter Virginia mining equipment plant, lay off 240 workers

The decrease in demand for mining equipment is still hurting Caterpillar as the company has announced plans to close another mining equipment plant and lay off an additional 240 workers. The Pulaski, Virginia plant manufactures coal haulers and other equipment and is slated for shutdown by mid-2014, according to a report from Reuters. The announcement is […]

November 18, 2013

Business

Bloomberg profile of Caterpillar CEO focuses on gap between profits and worker pay

Bloomberg Businessweek recently profiled Caterpillar CEO Doug Olberhelman, pulling very few punches in the process. The profile refers to Olberhelman as a man with a “serious demeanor” and calls him the “mouthpiece” of American manufacturing. It details his work to loosen trade restrictions, lower the corporate tax rate and increase infrastructure spending, as well as his […]

May 20, 2013

Business

Caterpillar first-quarter profits fall 45% due to inventory cuts, low mining demand

A steep decline in demand for mining equipment coupled with reductions in inventory are to blame for Caterpillar’s slumping first-quarter financial results, the company reports. The company reported a profit of $880 million in the first quarter of 2013, a 45-percent tumble from the $1.586 billion the company pulled in the first quarter of 2012. Sales […]

April 23, 2013

Home

Caterpillar CEO talks Bauma, telematics and customers

From Munich and the Bauma show, Caterpillar recently posted a video interview to YouTube with its Chairman and CEO Doug Oberhelman. In the video Oberhelman says he really enjoys the opportunities to learn that a show like Bauma affords him. “This is kind of where it all comes together because you have customers here that […]

April 19, 2013

Business

Caterpillar CEO talks hybrid tech, rental business at Bauma

Noting that the 2010 Icelandic volcano prevented him from attending the last Bauma show, Doug Oberhelman, Caterpillar president and CEO, used that circumstance as an example of how much technology has advanced in just three years during remarks made today at the international trade show. “Then, we were scrambling to get a satellite feed. Now, […]

April 16, 2013

Business

Caterpillar CEO calls for more visas for foreign engineers, path to legal status for undocumented immigrants

During a speech at the Illinois Business Immigration Coalition in Chicago, Caterpillar CEO Doug Oberhelman said his company has a hard time retaining talent and filling lower-skilled positions due to the hard time its foreign workers have in obtaining a visa to stay in the U.S. “Today, we (employers) have gaps in our workforce. We have […]

April 5, 2013

Safety

Cat profit up 67%, sales up 22%

Caterpillar announced a second-quarter 67-increase in profit per share and a 22-percent increase in sales and revenue over second quarter 2011 results. “Whether you look at cost control, delivery performance, safety, quality, new product introductions or margin rates, Caterpillar’s operational performance in the quarter was excellent,” said Doug Oberhelman, Caterpillar chairman and chief executive officer. “It’s what […]

July 25, 2012

Business

CONEXPO/CONAGG 2011

CONEXPO-CON/AGG What it means to you and the future of the industry Staff Reports With a backdrop of 20-percent construction unemployment and two years of abysmal machine sales, the tri-annual heavy equipment trade show CONEXPO-CON/AGG opened on March 22nd, in Las Vegas – ground zero in the housing bust and a town still reeling from […]

May 4, 2011

Home

Cat’s Oberhelman: “We have a bias toward growth.”

Speaking at an analysts meeting held at the New York Stock Exchange, Caterpillar CEO Doug Oberhelman said the company “has a bias toward growth,” and that there “will be more announcements” coming from the company in the year ahead. Cat has announced a series of investments in the past few months totaling more than $2.5 […]

August 23, 2010

Roadbuilding

Cat’s Oberhelman: ‘We have a bias toward growth’

Speaking at an analysts meeting held at the New York Stock Exchange, Caterpillar CEO Doug Oberhelman said the company “has a bias toward growth,” and that there “will be more announcements” coming from the company in the year ahead. Cat has announced a series of investments in the past few months totaling more than $2.5 […]

August 20, 2010

Roadbuilding

Caterpillar CEO presents company’s five-year goals

Caterpillar CEO Doug Oberhelman reviewed the company’s updated five-year strategy and goals with analysts and investors at the New York Stock Exchange Thursday. He expressed confidence during his presentation about Caterpillar’s growth opportunities throughout the world and the company’s strategic focus on operational execution. He highlighted a series of recent investments, totaling more than $2.5 […]

August 19, 2010

Business

Caterpillar CEO presents company’s five-year goals

Caterpillar CEO Doug Oberhelman reviewed the company’s updated five-year strategy and goals with analysts and investors at the New York Stock Exchange Thursday. He expressed confidence during his presentation about Caterpillar’s growth opportunities throughout the world and the company’s strategic focus on operational execution. He highlighted a series of recent investments, totaling more than $2.5 […]

August 19, 2010