Nazzic Keene to Join the Board
IRVING,
Texas, Oct. 11, 2024 /PRNewswire/ -- Caterpillar
Inc. (NYSE: CAT) today announced that Nazzic S. Keene, former chief
executive officer of Science Applications International Corporation
(SAIC), has been appointed to the Caterpillar board of directors,
effective Nov. 1. Keene will
serve on Caterpillar's Nominating & Governance Committee and
Compensation & Human Resources Committee.
"We are pleased to welcome a leader of such high caliber to our
board," said Caterpillar Chairman and CEO Jim Umpleby. "With Nazzic's leadership history
of driving growth and change in the information technology
industry, Caterpillar is well positioned to help our customers
build a better, more sustainable world and deliver long-term
profitable growth."
Keene, 64, retired in 2023
after four years as CEO and a director of SAIC, a
multi-billion-dollar global company engaged in integrating
information technology systems that manage engineering, large-scale
IT modernization, and security, logistics, simulation and data
analytics for government bodies. She was appointed to the position
of CEO and elected as a director after having served as Chief
Operating Officer of SAIC from 2017 to 2019 and as the President of
Global Markets & Missions from 2013 to 2017. Ms. Keene is currently a director of Automatic
Data Processing Inc. and ITT Inc.
About Caterpillar
With 2023 sales and revenues of
$67.1 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
caterpillar.com/en/news/social-media.html.
Forward-Looking Statements
Certain statements in this
press release relate to future events and expectations and are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as "believe,"
"estimate," "will be," "will," "would," "expect," "anticipate,"
"plan," "forecast," "target," "guide," "project," "intend,"
"could," "should" or other similar words or expressions often
identify forward-looking statements. All statements other than
statements of historical fact are forward-looking statements,
including, without limitation, statements regarding our outlook,
projections, forecasts or trend descriptions. These statements do
not guarantee future performance and speak only as of the date they
are made, and we do not undertake to update our forward-looking
statements.
Caterpillar's actual results may differ materially from those
described or implied in our forward-looking statements based on a
number of factors, including, but not limited to: (i) global and
regional economic conditions and economic conditions in the
industries we serve; (ii) commodity price changes, material price
increases, fluctuations in demand for our products or significant
shortages of material; (iii) government monetary or fiscal
policies; (iv) political and economic risks, commercial instability
and events beyond our control in the countries in which we operate;
(v) international trade policies and their impact on demand for our
products and our competitive position, including the imposition of
new tariffs or changes in existing tariff rates; (vi) our ability
to develop, produce and market quality products that meet our
customers' needs; (vii) the impact of the highly competitive
environment in which we operate on our sales and pricing; (viii)
information technology security threats and computer crime; (ix)
inventory management decisions and sourcing practices of our
dealers and our OEM customers; (x) a failure to realize, or a delay
in realizing, all of the anticipated benefits of our acquisitions,
joint ventures or divestitures; (xi) union disputes or other
employee relations issues; (xii) adverse effects of unexpected
events; (xiii) disruptions or volatility in global financial
markets limiting our sources of liquidity or the liquidity of our
customers, dealers and suppliers; (xiv) failure to maintain our
credit ratings and potential resulting increases to our cost of
borrowing and adverse effects on our cost of funds, liquidity,
competitive position and access to capital markets; (xv) our
Financial Products segment's risks associated with the financial
services industry; (xvi) changes in interest rates or market
liquidity conditions; (xvii) an increase in delinquencies,
repossessions or net losses of Cat Financial's customers; (xviii)
currency fluctuations; (xix) our or Cat Financial's compliance with
financial and other restrictive covenants in debt agreements; (xx)
increased pension plan funding obligations; (xxi)
alleged or actual violations of trade or
anti-corruption laws and regulations; (xxii) additional tax expense
or exposure, including the impact of U.S. tax reform; (xxiii)
significant legal proceedings, claims, lawsuits or government
investigations; (xxiv) new regulations or changes in financial
services regulations; (xxv) compliance with environmental laws and
regulations; (xxvi) catastrophic events, including global pandemics
such as the COVID-19 pandemic; and (xxvii) other factors described
in more detail in Caterpillar's Forms 10-Q, 10-K and other filings
with the Securities and Exchange Commission.
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SOURCE Caterpillar Inc.