Sysco 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.

The Commonwealth Court of Pennsylvania has granted a request for an expedited hearing requested by major maritime interests in the Delaware River area in a lawsuit questioning the jurisdiction of the Philadelphia Regional Port Authority. The hearing, scheduled presently for October 3, 2007, is based on a complaint filed by the International Longshoremen's Association District Council of Philadelphia and Wilmington (DE), the Philadelphia Marine Trade Association (PMTA) and the Maritime Stakeholders Group (MSG). The three organizations, which collectively represent more than 300 maritime-related entities, claim that the PRPA is overstepping its jurisdiction by preparing to convey maritime land to a non-maritime related use.