Caterpillar CEO joins Chevron board of directors

U.S. oil major Chevron has elected the chief executive officer of Caterpillar to its board of directors.

Chevron said on Thursday that Jim Umpleby became the latest addition to the board of directors.

His appointment is effective March 1, 2018, and he will serve on the Nominating and Governance Committee as well as the Management Compensation Committee.

Michael K. Wirth, Chevron’s chairman of the board and CEO, said: “Jim Umpleby brings a valuable perspective to the board as chief executive of one of the world’s leading manufacturers of heavy equipment.

“He has a strong background in varied dimensions that are relevant to Chevron’s business, including international policy, heavy equipment engineering, environmental policy, and global workforce development.”

Umpleby is the chief executive officer and a member of the board of directors of Caterpillar Inc. He joined a Caterpillar subsidiary, Solar Turbines, in 1980, and held leadership positions in a wide variety of functions at Caterpillar.

Umpleby was named group president of Caterpillar’s Energy & Transportation business segment in 2013 and assumed the role of CEO on January 1, 2017.

A graduate of the Rose-Hulman Institute of Technology with a Bachelor of Science degree in mechanical engineering, Umpleby has also completed an executive leadership program at the International Institute for Management Development in Lausanne, Switzerland.

He serves on Rose-Hulman’s board of trustees, on the board of directors of the US-India Strategic Partnership Forum, and is a member of the Latin America Conservation Council and the Business Roundtable.

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