Reed Nominated to Caterpillar Board
Caterpillar Inc. 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.