The Texas Construction News staff writer
IRVING – Caterpillar Inc. announced a significant leadership reshuffle within its Construction Industries segment and Board of Directors this week.
Rod Shurman has been appointed Group President of Construction Industries, effective Feb. 1. He succeeds Tony Fassino, who will retire on May 31 after 30 years with the equipment manufacturing giant.
“We’re thrilled to see Rod take this role and excited for the future under his leadership,” the company stated. Shurman is a Caterpillar veteran expected to guide the division’s strategy in a competitive global market.
In addition to the operational changes, Caterpillar Chairman and CEO Jim Umpleby announced he will retire as Executive Chairman on April 1, closing a 45-year career. Joseph Creed is set to assume the role of Chairman of the Board upon Umpleby’s departure.
