Caterpillar Announces Officer Changes

December 15, 2014

Caterpillar Inc. announced a number of officer changes effective Jan. 1, 2015.

Julie Lagacy will become the company’s chief information officer and vice president with responsibility for the Global Information Services Division (GIS). Mike DeWalt will become vice president with responsibility for the Finance Services Division (FSD). Doug Hoerr has been appointed as vice president with responsibility for the Strategic Services Division (SSD).

Caterpillar’s Board of Directors has appointed Lagacy, a 26-year veteran of the company and currently vice president with responsibility for the FSD, as chief information officer (CIO) and vice president with responsibility for the GIS. In addition to leading FSD, earlier this year Lagacy assumed leadership of GIS following the departure of the former CIO. She will continue to report to Brad Halverson, group president and CFO, and will also retain the Business Systems Transformation (BST) group.

“Julie has done a tremendous job managing two key roles within the company since June, demonstrating her leadership ability,” said Halverson. “In addition to her strong financial acumen, strategic management style and her commitment to leading with integrity, she understands how to partner with our businesses throughout the company, which is important in a complex, global business like ours. She will build on the foundation she and her team have laid to carry forward the mission of transforming Caterpillar’s information technology into a real competitive advantage.”

Following the announcement that Lagacy will assume the GIS and CIO role, Caterpillar’s Board of Directors appointed DeWalt as vice president with responsibility for the FSD. DeWalt, whose career has spanned nearly 34 years with Caterpillar, was previously the vice president with responsibility for the Strategic Services Division. Under his leadership, FSD will include Corporate Accounting, Corporate Tax, Corporate Treasury and the Investor Relations group. Mike will continue to report to Halverson.

“Mike has a deep background in Caterpillar’s accounting, finance and M&A functions. He worked on several key acquisitions and was the business manager of two of our large European businesses. He was the first leader of our Strategic Investments Group, was the voice of Caterpillar to investors as the director of Investor Relations, was the corporate controller and, most recently, was the vice president of our Strategic Services Division. This wealth of experience and deep understanding of our business make him a great fit to lead FSD,” said Halverson.

Following DeWalt’s move to FSD, Caterpillar’s Board of Directors has appointed Doug Hoerr as a new vice president with responsibility for the SSD, reporting to Halverson. Under Hoerr’s leadership, SSD will include Strategic Planning, Mergers & Acquisitions (M&A), Economics, Business Risk Management, Revenue Management and Competitive Analysis.

“Doug is a strong leader and brings broad financial background to the Strategic Services Division. In addition to his background as a business manager in several of our businesses, Doug has worked on several important acquisitions and divestitures. He has a reputation at Caterpillar of working with business partners across the company to get things done and his experience with our Customer & Dealer organizations will add an important dimension for the Strategic Services Division,” said Halverson. “Doug will be leading the strategic planning process, including growth strategies and M&A. His background of financial leadership, collaboration on joint venture projects and experience in startup manufacturing operations will all serve him well in his new role.”

Hoerr began his 21-year career with Caterpillar in accounting. He held several accounting and business analysis roles throughout the company, including senior leadership positions in Caterpillar’s engines business. He served as the senior business manager for Large Power Systems & Growth Markets, and in 2012, was named CFO for the Customer & Dealer Support group. Hoerr holds a bachelor’s degree in accounting from the University of Illinois. He is also a certified public accountant.