April 8, 2015
FOR IMMEDIATE RELEASE
Sempra Energy CEO Debra Reed Nominated to Caterpillar Board of Directors
PEORIA, Ill. – Caterpillar Inc. (NYSE: CAT) announced today that the Caterpillar Board of Directors has nominated Debra L. Reed to join the Board, with the election to occur at the June 2015 annual stockholders meeting.
Reed, 58, is the Chairman and CEO of Sempra Energy, a San Diego, California-based energy company. She began her Sempra Energy career in 1978 as an engineer and worked her way into leadership positions at Sempra Energy, as well as Southern California Gas Co. and San Diego Gas & Electric, Sempra Energy’s two regulated California utilities.
“Energy is core to our business at Caterpillar, so having a Board member who has spent her entire 37-year-career at one company in this industry will greatly benefit our company,” said Caterpillar Chairman and CEO Doug Oberhelman. “Debbie understands the opportunities and challenges facing the energy industry today, and she knows how to successfully run and grow an international business. She will offer a valuable and unique perspective on our Board.”
Reed’s exemplary resume hasn’t gone unnoticed; she has been repeatedly named to Fortune magazine’s 50 Most Powerful Women in Business (2011 – 2014). She is also a board member of Halliburton Company, a supplier to the oil and gas production industries, where she serves as the chair of the Nominating and Corporate Governance Committee and is a member of the Compensation Committee.
For 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 2014 sales and revenues of $55.184 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 product 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
Debra L. Reed, Chairman and CEO of Sempra Energy, is nominated to join the Caterpillar Inc. Board of Directors