PEORIA, IL – The Board of Directors of Caterpillar Inc. (NYSE: CAT) elected Douglas
R. Oberhelman to the offices of Vice Chairman and Chief Executive Officer – Elect, effective
January 1, 2010. Oberhelman, 56, currently serves as Group President of Caterpillar with
responsibility for the company’s engine and gas turbine businesses, human services, rail services
and remanufacturing divisions. [Full Story]