Caterpillar CFO Announces Retirement

Caterpillar Inc. said Tuesday that its chief financial officer, Brad Halverson, has announced his retirement in 2018. Caterpillar will launch an external search for his successor. Halverson joined Caterpillar in 1988 as an accountant. Caterpillar shares are down 0.1% in premarket trading and up nearly 23% for the year to date. The Dow Jones Industrial Average is up 10.8% for 2017 so far.