Caterpillar Inc CEO Doug Oberhelman to retire

FeaturesReuters

Heavy equipment maker Caterpillar Inc said Chairman and Chief Executive Officer Doug Oberhelman will retire, effective March 31.

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The company named Jim Umpleby, group president for energy and transportation, as the new CEO.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D'Silva)