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After more than 41 years with Caterpillar Inc., Chairman and CEO Doug Oberhelman has elected to retire, effective March 31, 2017.

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Jim Umpleby, currently a Caterpillar Group President with responsibility for Energy & Transportation, will succeed Doug Oberhelman as Caterpillar Inc. CEO, effective January 1, 2017.

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Dave Calhoun, a current member of Caterpillar Inc.'s Board of Directors, will assume the role of Non-Executive Chairman of the Board, effective March 31, 2017.

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