In a year, when even by its own frenetic standards, Caterpillar Inc. has made a lot of personnel and structural changes, the Deerfield, Ill.-based manufacturer has now made another series of moves that further increases the pace of change.
These moves, announced in mid-February, includes a series of officer moves, including changes in responsibilities for three Executive Office members, a new president of the engine group, new roles for two current vice presidents, the appointment of two new vice presidents, and two new divisions being formed. Everything is effective on effective March 1.
Ramin Younessi, currently group president of Energy & Transportation, which oversees all Cat’s engine activities, will now move over to lead Construction Industries with responsibility of the company’s Earthmoving, Excavation, Building
Construction Products, China Operations and Global Construction & Infrastructure divisions, as well as Global Rental and Used Equipment Services.
In turn, Billy Ainsworth, currently senior vice president of the Caterpillar Rail Division and CEO of Progress Rail, will now become the group president of the Energy & Transportation segment. Since 2017, Ainsworth has served as strategic advisor to the Caterpillar Executive Office in addition to his responsibilities for the Rail Division.
Ainsworth started his career with a national scrap metal brokerage firm and held several positions with companies in that industry. In 1983, he founded Steel Processing Services, serving as its president and CEO. In 1993, Florida Progress purchased the operations of Steel Processing Services, along with two affiliated companies, and retained Ainsworth as president and CEO. In 2006, Caterpillar Inc. acquired Progress Rail Services, and Ainsworth was named a vice president of Caterpillar.
Pellette To Solar
After four years as group president separately leading the Construction Industries and Energy & Transportation segments, Tom Pellette has elected to return to San Diego, Calif. for family reasons. Pellette will now serve as president of Solar Turbines, a wholly owned subsidiary of Caterpillar, which designs, manufactures and services gas turbine systems and compressors for the oil and gas and power generation industries. He previously spent more than 20 years in the division. Pellette will also serve as strategic advisor to the Caterpillar Executive Office.
Caterpillar next said it is separating the current Global Power Systems Divisions into two new industry focused divisions: Oil, Gas and Marine Division and Electric Power Division.
Joe Creed, currently vice president of Caterpillar’s Finance Services Division, will become the new vice president of the Oil, Gas and Marine Division. He most recently served as interim chief financial officer for the company. Prior to his time in Caterpillar’s finance operations, Creed worked in the company’s engine and machine businesses.
Pablo Koziner, a vice president of Caterpillar and currently president of Solar Turbines, will become the new vice president of the Electric Power Division. He has nearly 20 years of experience in various roles around the world, the last six as a vice president.
Not done yet
And there’s more. Marty Haycraft has been named to succeed Ainsworth as vice president of Caterpillar’s Rail Division and CEO of Progress Rail. Haycraft is currently the president of Progress Rail’s global operations where his primary responsibilities include overseeing the company’s rolling stock and infrastructure businesses.
Haycraft began his professional career in 1990 with Wheel Corp. of America, where he worked as a production employee and gained experience on freight car wheel set production and freight car wheel set materials. He joined Progress Rail in 1993 when Corbin Railway Services purchased Steel Processing Services, later to become Progress Rail. He held several management positions in operations, materials, and sales and marketing.
Kyle Epley has been named vice president of Finance Services Division. Epley currently serves as corporate controller where he has responsibility for business analysis, competitive analysis, economics, strategic planning and operating & execution model governance. Epley joined Caterpillar in 1996 and has held a series of positions in accounting and finance, including global assignments.