Caterpillar CHRO Cheryl Johnson to retire in April By Investing.com

IRVING, TX – Caterpillar Inc. (NYSE: NYSE: ), a global leader in construction and mining equipment with a market capitalization of $181.7 billion, today announced that Chief Human Resources Officer (CHRO) Cheryl H. Johnson will retire on April 30, marking the end of his seven-year tenure with the company InvestingPro: data, the company maintains a “GREAT” financial health score, reflecting its strong market position.

Cheryl Johnson’s career at Caterpillar has been marked by aligning the human resources function with the company’s strategic direction, emphasizing talent development and fostering a culture of continuous improvement. President and CEO Jim Umpleby praised Johnson for her dedicated service and contributions to the company’s workforce strategy.

A search for a new CHRO is currently underway as Caterpillar prepares for this leadership transition.Johnson’s previous experience includes a 20-year tenure at Textron (NYSE:), where he was part of the executive leadership team and oversaw various corporate functions. :

In addition to his role at Caterpillar, Johnson serves on the board of Flowserve Corporation (NYSE:) and the Executive Leadership Council.His academic credentials include an MBA and a BA in Operations Management from Northern Illinois University. rank.

Caterpillar, with 2023 sales and revenue of $67.1 billion, has established itself as the leading manufacturer in its industry, with construction and mining equipment, diesel engines and engines, and industrial gas turbines. Trading at a P/E ratio of 17.4, the company has demonstrated strong shareholder commitment by maintaining dividend payments for 55 consecutive years and implementing aggressive share buyback programs. InvestingPro: analysis shows that the stock is currently well-valued, with 10+ additional exclusive insights available to subscribers.The company has been instrumental in driving construction and infrastructure growth worldwide for nearly a century and is actively involved in the transition to a low-carbon future.

This announcement is based on a press release from Caterpillar Inc. The company continues to operate in various sectors, including the construction industry, the resource industry, and energy and transportation, and offers financing and related services through its Financial Products segment.

In other recent news, Caterpillar Financial Services Corporation issued $1.25 billion in mid-term notes, providing additional capital to support its operations and strategic initiatives. Barclays (LON:) maintained an Equalweight rating on Caterpillar, citing the company’s smaller but growing market share. pressures.

DA Davidson raised its price target on Caterpillar from $337 to $350, acknowledging the company’s mixed performance across sectors.Oppenheimer maintained its Perform rating on Caterpillar, citing a challenging fourth-quarter outlook due to mixed trends in its business segments. with

Caterpillar posted a 4% year-over-year decline to $16.1 billion, largely due to weaker performance in the construction and resources industries.However, the company maintained a stable adjusted operating profit margin of 20% and adjusted earnings per share $5.17.

The company also announced a multi-year capital investment to increase the capacity of its large reciprocating engine, aiming to increase production capacity by more than 125% compared to 2023. These are all recent developments in the company’s operations.

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