Caterpillar Names New Head of Construction

October 21, 2020
Tony Fassino of Caterpillar
Tony Fassino, new group president of Construction Industries.

Tony D. Fassino has been named group president of Caterpillar’s Construction Industries group, upon the retirement of Ramin Younessi. The group includes Earthmoving, Excavation, Building Construction Products (BCP), China Operations, Global Construction & Infrastructure, and Strategic Procurement Divisions, as well as Global Rental and Used Equipment Services.

“Ramin successfully leveraged his extensive global business experience in the commercial vehicle and engine industries to help us improve Caterpillar’s competitive and flexible cost structure,” said Caterpillar chair/CEO Jim Umpleby in a prepared statement. “His engineering and supply chain expertise has had a positive impact on the enterprise. We will miss his energy and enthusiasm and wish him well in his retirement.”

Younessi joined Caterpillar in 2013 after serving in several executive and senior leadership positions with Daimler AG and Navistar Inc. Prior to his appointment as group president, Younessi was vice president of Caterpillar’s Industrial Power Systems Division. He was appointed group president of Caterpillar’s E&T segment in 2018, and in 2019 he became group president of CI.

Fassino most recently served as VP of the BCP Division.

“Tony’s strong product knowledge, commitment to operational excellence and experience working with Caterpillar’s dealer network make him ideally suited to lead our CI segment,” said Umpleby in a statment. “He will focus on accelerating services growth while making our customers more successful.”

After joining Caterpillar in 1996, Fassino held a variety of positions around the world, including several sales and technical field assignments in the U.S. and Canada as well as the new product introduction manager for excavators in Japan. He led the Eastern U.S. Region Distribution Services team and served as director of Caterpillar Worldwide Forest Products before becoming the vice president of BCP in 2018. To read more of his bio, click here.

Caterpillar also announced the retirement of William P. Ainsworth as group president of the Energy & Transportation segment. He will be replaced by Joseph E. Creed, currently VP of the Oil & Gas and Marine and Electric Power divisions.

Source: Caterpillar