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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
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 FORM
8-K
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Current
Report
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Pursuant
to
Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date
of
Report (Date of earliest event reported):
October 14, 2005
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CATERPILLAR
INC.
(Exact
name
of registrant as specified in its charter)
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Delaware
(State
or
other jurisdiction of incorporation)
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1-768
(Commission
File Number)
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37-0602744
(IRS
Employer
I.D. No.)
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100
NE Adams Street, Peoria, Illinois
(Address
of
principal executive offices)
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61629
(Zip
Code)
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Registrant's
telephone number, including area code:
(309) 675-1000
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Page
1
Item
5.02.
Departure of Directors or Principal Officers; Election of Directors;
Appointment
of Principal Officers
and Item 8.01. Other Events
and Item 8.01. Other Events
The
following
release was issued by Caterpillar on October 14, 2005.
*
* * * * * * * * *
* * * * * * * * * * * * * * * * * * *
October
14,
2005
FOR
IMMEDIATE RELEASE
Caterpillar
Adds New Production Systems Division to Speed Manufacturing,
Improve
Quality and Safety
Peoria,
Ill. -
Caterpillar Inc. (NYSE: CAT) announced today the formation of a new division
to
lead an enterprise transformation of manufacturing systems to help set a "gold
standard" for quality, safety and speed in industry.
The
Production
Systems Division will be headed by James D. Waters, Jr., who was elected a
vice
president effective Dec. 1. Waters, 47, is currently manager of the hydraulics
business in the Motion & Power Control Division.
"This
new division
will lead our efforts to establish Caterpillar as the pre-eminent global
manufacturer of top-quality products at the lowest cost while increasing our
speed and safety performance," said Caterpillar Chairman and CEO Jim Owens.
"Jim
will provide leadership to this enterprise effort, drawing on his strong systems
and process skills as well as his product and manufacturing management
experience gained in Japan, the U.K. and the U.S."
Waters
joined
Caterpillar in 1978 as an engineering co-op trainee. He held several
manufacturing and systems engineering positions from 1981 to 1990. He moved
to
Japan in 1990 to the Hydraulic Excavator Design Center with Shin Caterpillar
Mitsubishi Ltd. (SCM), where he held positions in component design and
production. He became managing director of production in 1994 for SCM. He served
as managing director and general manager of the Leicester, England, Building
Construction Products Division facility from 1996 to 2002, when he became
general manager of the Hydraulics and Hydraulic Systems business in Joliet,
Ill.
Biographical Information
James
D.
Waters, Jr.
Jim
Waters is
manager of the Hydraulics and Hydraulic Systems business unit in Joliet, Ill.,
a
position he's held since 2002. He is responsible for the company's hydraulic
components and integrated systems, including operations in Joliet, Ill.; Sumter,
S.C. and Jesi, Italy. After joining the company as an engineering co-op trainee
in 1978, Waters held numerous staff engineering positions in planning,
manufacturing and systems.
Page
2
He
moved to Japan
in 1990 to the Hydraulic Excavator Design Center with Shin Caterpillar
Mitsubishi Ltd. (SCM), where he held positions in component design and
production. He became managing director of production in 1993 for SCM. He served
as managing director and general manager of the Leicester, England, Building
Construction Products Division facility from 1996 to 2002, when he became
general manager of the hydraulics and hydraulic systems business in Joliet,
Ill.
Waters
has a
bachelor's degree in electrical engineering from Iowa State University.
He
is chairman of the Will County Center for Economic Development, chairman of
the
Will County Chamber of Commerce, a trustee at Lewis University, a board member
at the Silver Cross Hospital Foundation and chairman of the Engineering College
Industrial Advisory Council at Iowa State University.
About
Caterpillar Inc.
For
more than 80
years, Caterpillar Inc. has been building the world's infrastructure and, in
partnership with its worldwide dealer network, is driving positive and
sustainable change on every continent. With 2004 sales and revenues of $30.25
billion, Caterpillar is a technology leader and the world's leading manufacturer
of construction and mining equipment, diesel and natural gas engines and
industrial gas turbines. More information is available at http://www.cat.com.
SAFE
HARBOR
Certain
statements
in this release relate to future events and expectations and as such constitute
forward-looking statements involving known and unknown factors that may cause
actual results of Caterpillar Inc. to be different from those expressed or
implied in the forward-looking statements. In this context, words such as
"expects," "anticipates," "intends," "plans," "believes," "seeks," "will,"
or
other similar words and phrases often identify forward-looking statements made
on behalf of Caterpillar. It is important to note that actual results of the
company may differ materially from those described or implied in such forward
looking statements based on a number of factors and uncertainties, including,
but not limited to, changes in economic conditions, currency exchange rates
or
political stability; market acceptance of the company's products and services;
significant changes in the competitive environment; changes in law, regulations
and tax rates; and other general economic, business and financing conditions
and
factors described in more detail in the company's filings with the Securities
and Exchange Commission, including in its Annual Report on Form 10-K for the
year ended December 31, 2004. We do not undertake to update our forward-looking
statements.
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Pursuant
to
the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
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CATERPILLAR
INC.
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October
14,
2005
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By:
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/s/
James B.
Buda
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James
B.
Buda
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Vice
President
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