February 19, 2018
FOR IMMEDIATE RELEASE
Caterpillar Announces Officer Appointment
DEERFIELD, Ill. – Caterpillar Inc. (NYSE: CAT) announced today its board of directors has appointed Tony Fassino a company vice president. Fassino will have responsibility for leading Caterpillar’s Building Construction Products (BCP) Division. BCP is a global organization responsible for designing, manufacturing and supporting Caterpillar’s line of small, versatile construction equipment and work tools. Fassino replaces Ken Hoefling, who recently departed Caterpillar to pursue other opportunities.
“Tony brings great product knowledge and a strong focus on quality to this role, which combined with his deep marketing and dealer background, make him ideally suited to lead BCP,” said Bob De Lange, Caterpillar group president of Construction Industries. “Tony is also known as a collaborative leader who makes fact-based decisions with a determination to help our customers succeed.”
Most recently, Fassino has been the general manager for Caterpillar’s forestry products group. Much of his more than 20 years with Caterpillar has been spent in roles of increasing responsibilities within the company’s marketing and dealer support groups. Fassino also spent five years based in Japan as a new product introduction manager for hydraulic excavators.
Fassino holds a bachelor’s and master’s degree in mechanical engineering from Bradley University. He will assume his new role effective March 1, 2018.
For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2017 sales and revenues of $45.462 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three primary segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.
Tony Fassino has been named vice president of Caterpillar’s Building Construction Products Division effective March 1, 2018.