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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
Forms New Remanufacturing Division in Support of
Enterprise
Sustainability, Growth Goals
Peoria,
Ill. -
Caterpillar Inc. (NYSE: CAT) announced today the formation of a new
Remanufacturing Division to support the company’s commitment to sustainable
development and to achieving growth goals.
Steven
L. Fisher,
who was elected vice president effective Dec. 1, will lead the Remanufacturing
Division. Fisher, 50, is currently president of Caterpillar Remanufacturing
Services.
"The
explosive
growth and long-term potential for the remanufacturing business requires
executive leadership," said Caterpillar Chairman and CEO Jim Owens. "Steve's
strong background in accounting and cost management, and his proven experience
helping grow this business through acquisitions and expanded services over
the
last two years, make him well suited to make this an even stronger business
for
Caterpillar."
Caterpillar
is one
of the world's largest remanufacturers, processing more than two million units
annually and recycling more than 100 million pounds of remanufactured products
each year. The company launched the remanufacturing business in the 1970s with
engines and now offers remanufacturing services for a variety of products and
components to serve Caterpillar and external clients.
Fisher
has overseen
three acquisitions and the formation of two strategic alliances during his
tenure.
"We
have a unique
expertise that not only contributes to a sustainable environment, but
demonstrates our commitment to helping customers lower their costs," Owens
said.
"Because of this, we expect the remanufacturing business to continue to be
one
of the largest growth opportunities for Caterpillar in the future."
Fisher
joined
Caterpillar in 1978 as an accounting trainee, gaining experience in cost
accounting and investment analysis. He was named business resource manager
for
the company's fuel systems facility in 1991, moving to Performance Engine
Products Division in 1995. He served as a cost management and business services
manager in the Corporate Services Division from 1998 to 2001, where he was
instrumental in mergers and acquisitions activity and in the development of
the
company's internal strategic consulting business. He joined the remanufacturing
group in 2001.
Page
2
Biographical
Information
Steven
L. Fisher
Steve
Fisher is
Caterpillar Remanufacturing Services president in the company's Product Support
Division in Peoria, Ill., a position he's held since 2001. He has global
responsibility for remanufacturing products and services for Caterpillar and
external clients.
Fisher
joined
Caterpillar in 1978 as an accounting trainee. He held numerous accounting and
cost management positions, serving as a business resource manager and cost
and
business analysis services manager. He was instrumental in mergers and
acquisitions activity and in the development of the company's internal strategic
consulting business while in corporate accounting. He joined the remanufacturing
products group as general manager in 2001.
Fisher
has a
bachelor's degree in accounting from Bradley University, and is a certified
public accountant. He completed the Duke University Advanced Management Program
in 1999. He is a member of the Counseling & Family Services board of
directors in Peoria, Ill.
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.
Page
3
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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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