IRVING, Texas, Oct. 13, 2023 /PRNewswire/ -- Caterpillar Inc.
(NYSE: CAT) announced today that George
Moubayed, current senior vice president of the Enterprise
Strategy Division, will assume additional responsibilities as the
Chief Sustainability and Strategy Officer, effective Jan. 1, 2024. Moubayed succeeds Chief
Sustainability Officer Lou
Balmer-Millar, who is retiring on Dec. 31, 2023, after over 20 years of dedicated
service. In his capacity as Chief Sustainability Officer, Moubayed
will report directly to Chairman and CEO Jim Umpleby.
"George has a breadth of enterprise perspective and experience
in executing our strategy for long-term profitable growth," said
Caterpillar Chairman and CEO Jim
Umpleby. "Sustainability is an integral part of this
strategy as we help our customers achieve their climate-related
objectives and build a better, more sustainable world."
Moubayed has held several leadership positions in more than 25
years with Caterpillar. Prior to his role within the Enterprise
Strategy Division, he was vice president and general manager of
load and haul products for Resource Industries, and previously
served as vice president for aftermarket solutions for the segment.
He has a bachelor's degree in engineering from McGill University in Montreal, Canada.
With 2022 sales and revenues of
$59.4 billion, Caterpillar Inc. is
the world's leading manufacturer of construction and mining
equipment, off-highway diesel and natural gas engines, industrial
gas turbines and diesel-electric locomotives. For nearly 100 years,
we've been helping customers build a better, more sustainable world
and are committed and contributing to a reduced-carbon future. Our
innovative products and services, backed by our global dealer
network, provide exceptional value that helps customers succeed.
Caterpillar does business on every continent, principally operating
through three primary segments – Construction Industries, Resource
Industries and Energy & Transportation – and providing
financing and related services through our Financial Products
segment. Visit us at caterpillar.com or join the conversation on
our social media channels at
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SOURCE Caterpillar Inc.