Cat Inc. is the world’s largest manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial turbines. It is also a technology leader in construction, transportation, mining, forestry, energy, logistics, and electric power generation. Its corporate world headquarters is located in Peoria, Illinois. Cat Inc is comprised of 26 business units. Cat Inc. is rated number 1 or 2 in every major S&P 500 and Dow Jones Index tracked category in the Construction, Agriculture, and Machinery industry against its industry competitors. Cat Inc. had a record $30.25 billion in sales and revenues in 2004, an increase of 33 percent over 2003. The 2004 record profit of $2.03 billion is 85 percent higher than the 2003.
What Caterpillar is best in the world at making:
Wheel Loaders and Integrated Tool carriers.
Wheel Tractors and Compactors.
Telescopic Materials Handlers.
Engines/on highway trucks/Generator set.
Other Products (Diversification)
Board of Directors
Caterpillar’s Board of Directors is composed of 14 members. The Governance Committee of the Board of Directors selects the directors via a detailed process. The Governance Committee makes recommendations to the board regarding the size and composition of the board. The Governance Committee also monitors and makes recommendations regarding the board's performance. Attributes sought of potential board members include: integrity, honesty, and accountability; successful leadership experience and strong business acumen; forward-looking, strategic focus; collegiality; independence and absence of conflicts of interests; ability to devote necessary time to meet director responsibilities; and ability to commit to company stock ownership. Historically, board directors have played very passive roles in the development and implementation of corporate strategy. Caterpillar’s board members have a firm understanding of the industry and the critical role they play in the company’s success. As such, the board members’ level of involvement and engagement in planning, development, execution, and measurement of corporate strategy are very active.
Current Board Members are:
James Owens Frank Blount
Chairman/Chief Executive Officer CEO
(CEO) JL Ventures, Inc.
Dr. John Brazil
President, Trinity University John T. Dillon
Former CEO, International
Eugene Fife Gail Fosler
Vice President, Chief
Vawter Capital LLC
Economist of Conference
Former CEO, Illuminis, Inc. Board/Director Unisys Corp
Chairman, Grupo Embotelladoras Chairman/CEO Norfolk
Unidas S. A. de C. V. (Mexico)
Former Chairman/CEO Safeway Inc. Chairman/CEO Northern Trust
Former Chairman, Newmont Mining
Chairman, Sagitta Asset Corporation
Management Limited and Louis Vuitton U.K. Ltd.
Edward Rust Jr.
Chairman/CEO, Stat Farm Mutual Chairman/Managing Partner Automobile Company
Coaching Group, LLC
Caterpillar employs a matrix organizational structure to support its 26 business units (BUs). Caterpillar’s matrix structure is a cross between the functional/divisional and geographic organizational structures. Five Group Presidents oversee and provide direction...
Please join StudyMode to read the full document