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Caterpillar Elects CEO Jim Umpleby As Chairman

Caterpillar Inc. (CAT) said Thursday that its Board elected Jim Umpleby, the company's Chief Executive Officer, to the additional position of Chairman of the Board, effective immediately. Umpleby has been a member of the Board and Chief Executive Officer since January 1, 2017.

Dave Calhoun, who has served as non-executive Chairman since April 1, 2017, will remain on the Board as Presiding Director. effective immediately.

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