Jim Umpleby
{{short description|American business executive}}
{{Use mdy dates|date=January 2021}}
{{Infobox person
| name = Jim Umpleby
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| birth_name = Donald James Umpleby III[http://www.legacy.com/obituaries/post-tribune/obituary.aspx?pid=175196858 "Donald Umpleby Jr" (obituary)], Post Tribune via legacy.com, July 1, 2015. Retrieved 2017-02-01.
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| nationality = American
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| education =
| alma_mater = Rose-Hulman Institute of Technology (1980)
| occupation = Business Executive
| years_active = {{start date|1980}}–present
| employer = Caterpillar Inc.
| partner =
| module = {{Infobox officeholder|embed=yes
| title = CEO, Caterpillar Inc.
| term_start = January 1, 2017
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| predecessor = Douglas R. Oberhelman
| successor =
| title2 = Chairman of the Board, Caterpillar Inc.
| predecessor2 = Dave Calhoun
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| term_start2 = December 13, 2018
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}}
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Donald James "Jim" Umpleby III is an American businessman. He became the CEO of Caterpillar Inc. as of January 2017, and chairman of the Caterpillar board of directors in December 2018.{{Cite web|url=https://www.caterpillar.com/en/news/corporate-press-releases/h/umpleby-elected-chairman-of-board.html|title=Caterpillar {{!}} Caterpillar Board of Directors Elects CEO Jim Umpleby as Chairman; Elects Dave Calhoun as Presiding Director|website=www.caterpillar.com|access-date=2018-12-14}}
Biography
=Early life and education=
Umpleby was raised in Highland, Indiana,Nightengale, Laura, [http://www.pjstar.com/news/20161017/who-is-incoming-caterpillar-ceo-jim-umpleby "Who is incoming Caterpillar CEO Jim Umpleby?"], Journal Star, October 17, 2016. Retrieved 2017-01-31. and attended Rose-Hulman Institute of Technology. He graduated with a Bachelor of Science in Mechanical Engineering in 1980.[https://www.bloomberg.com/research/stocks/people/person.asp?personId=106826312&privcapId=259378 "Executive Profile: D. James Umpleby III"], bloomberg.com. Retrieved 2017-01-31.[https://www.caterpillar.com/en/company/governance/officers/jim-umpleby.html "Executive Profile: Jim Umpleby"], https://www.caterpillar.com/en.html. Retrieved 2021-04-11.
=Career=
After graduating from Rose-Hulman, Umpleby joined Solar Turbines, Inc. in San Diego, California, shortly thereafter.{{cite web|url=http://mysolar.cat.com/cda/layout?m=35503&x=7|title=History|year=2006|work=mysolar.cat.com|publisher=Solar Turbines Incorporated|archiveurl=https://web.archive.org/web/20110708123424/http://mysolar.cat.com/cda/layout?m=35503&x=7|archivedate=2011-07-08|url-status=dead|accessdate=2010-11-19|ref={{SfnRef|Solar Turbines|2006}}}} Umpleby became a Caterpillar vice president and president of Solar Turbines in 2010. Immediately prior to becoming CEO in 2017, Umpleby was group president of Caterpillar's energy and transportation business segment.{{cite web |title=Caterpillar CEO Jim Umpleby to Present Rose-Hulman Commencement Address |url=https://www.rose-hulman.edu/news/2018/Caterpillar-CEO-Jim-Umpleby-to-Present-Rose-Hulman-Commencement-Address.html |publisher=Rose-Hulman Institute of Technology |accessdate=1 November 2020}} On December 12, 2018, the Caterpillar board of directors elected Umpleby to be chairman of the board, effective immediately, in addition to his CEO role.{{Cite news|url=https://in.reuters.com/article/caterpillar-chairman-idINKBN1OC2EJ|archive-url=https://web.archive.org/web/20181213185309/https://in.reuters.com/article/caterpillar-chairman-idINKBN1OC2EJ|url-status=dead|archive-date=December 13, 2018|title=Caterpillar CEO Jim Umpleby to take on chairman role|date=2018-12-13|work=Reuters|access-date=2018-12-14|language=en}}
In September 2017, Caterpillar held a conference for investors at which Umpleby presented the details of a new corporate strategy focused on profitable growth, through expanded product offerings, increased focus on operational excellence and providing services in digitally-enabled technologies and other areas that support customers.
Barron's, a U.S.-based financial magazine, described the new corporate strategy stating, “…investors can expect a more return-focused company . . . with a new approach similar to what we have seen from its peers, such as Deere (DE), Parker Hannifin (PH), Cummins (CMI) and Illinois Tool Works (ITW) that are further along this journey. If executed, we believe that this should drive improved financial returns, which are currently in the middle of the pack, and a possible re-rating of the stock over time.”{{cite web |title=New Caterpillar CEO Focuses on Returns |url=https://www.barrons.com/articles/new-caterpillar-ceo-focuses-on-returns-1505476918 |website=www.barrons.com |accessdate=1 November 2020}}{{cite web |last1=Levisohn |first1=Ben |title=Caterpillar: There's a New Sheriff in Town |url=http://www.barrons.com/articles/caterpillar-theres-a-new-sheriff-in-town-1505417586 |website=www.barrons.com |accessdate=1 November 2020}}{{Editorializing|date=June 2023}}
Umpleby was elected to the board of directors of the Chevron Corporation effective March 1, 2018.{{cite news |last1=Scheyder |first1=Ernest |title=Chevron adds Caterpillar CEO to board after Watson exit |url=https://www.reuters.com/article/us-chevron-director/chevron-adds-caterpillar-ceo-to-board-after-watson-exit-idUSKBN1FL5O2 |accessdate=27 October 2020 |work=Reuters |date=1 February 2018 |language=en}}
References
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Category:Year of birth missing (living people)
Category:Place of birth missing (living people)
Category:American chief executives of manufacturing companies
Category:Businesspeople from Illinois
Category:Caterpillar Inc. people