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Caterpillar CEO Oberhelman To Retire Next Year

 Caterpillar says CEO Doug Oberhelman will retire from the company next year and will be replaced with Jim Umpleby, an executive who has  worked at the company for more than three decades. 

 Oberhelman, 63, will leave the company at the end of March. He has been CEO 
since 2010 has been with Caterpillar Inc. for more than 41 years. 
 Umpleby, who is 58 years old, is currently the president of Caterpillar's 
energy and transportation group.
 When he retires, Oberhelman will also step down from his position as chairman 
of the board and be replaced by board member Dave Calhoun as non-executive 
chairman. Calhoun is an executive of private equity firm The Blackstone Group 
 Caterpillar Inc., based in Peoria, Illinois, makes and sells construction and 
mining equipment. 

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