Brad Halverson News

Caterpillar Inc. will begin its global, external search for a new chief financial officer after it announced that group president and CFO Brad Halverson has elected to retire in early 2018, concluding a career spanning more than three decades with the company. Halverson will continue working into early 2018 and will help ensure a smooth transition for the new CFO. Prior to becoming CFO, Halverson served two years as vice president of the Finance Services Division, and before that position, he was the corporate controller. Halverson joined Caterpillar in 1988 as an accountant.

To better capitalize on the growing importance and excitement of data analytics and to drive innovation to support customers, Caterpillar Inc. today announced the formation of a new division, Analytics & Innovation (AI), which will be led by Caterpillar Vice President Greg Folley. The division will bring together the people and resources that will foster a culture with innovation at the core, form a broad and connected analytics ecosystem and manage strategic third party relationships with providers like Chicago, Illinois-based Uptake, a start-up with which the company recently announced a technology and predictive analytics agreement.

Caterpillar Inc. * Doug Hoerr has been appointed as vice president with responsibility for the Strategic Services Division. Caterpillar’s Board of Directors has appointed Julie Lagacy, a 26-year veteran of the company and currently vice president with responsibility for the Finance Services Division (FSD), as Chief Information Officer (CIO) and vice president with responsibility for the Global Information Services Division (GIS). In addition to leading FSD, earlier this year Lagacy assumed leadership of GIS following the departure of the former Chief Information Officer. She will continue to report to Brad Halverson, group president and Chief Financial Officer, and will also retain the Business Systems Transformation (BST) group.

Caterpillar Inc. (NYSE: CAT) announced that Randy Krotowski, vice president with responsibility for the Global Information Services (GIS) Division and the company’s Chief Information Officer (CIO), has elected to resign from the company to pursue other opportunities. Krotowski’s departure will be effective today. “Randy has more than 25 years of experience in the information technology field, and we wish him well as he pursues future endeavors,” said Brad Halverson, Caterpillar group president with responsibility for the Corporate Services Division. Caterpillar will immediately begin a global search to find a new GIS vice president and chief information officer.