Caterpillar Announces Officer Retirement

PEORIA, Ill., Feb. 23 /PRNewswire-FirstCall/ -- With more than 32 years of service, Caterpillar Inc. (NYSE:CAT) Vice President Rod L. Bussell has elected to retire, effective May 1, 2007. Bussell came to Caterpillar in 1974 as a systems analyst, and later he moved to the track loader plant in Davenport, Iowa, as a product engineer. After working in the operations and quality areas in the Davenport plant, Bussell moved to Joliet, Illinois, where he had a variety of assignments in quality, operations, maintenance and materials before becoming quality control manager at the Joliet facility in 1986. He then moved to Sao Paulo, Brazil, as technical services manager for both Sao Paulo and the Piracicaba plants. In 1989, Bussell became manufacturing manager of the Sao Paulo plant, and two years later, he moved back to Joliet as fabrications manager.

Bussell became manager of the transmissions business unit in 1992, and in 1998, he became general manager of the Large Engine Center in Lafayette. In 2001, Bussell was appointed vice president of the Mining & Construction Equipment Division (M&CE) in Decatur. Volume more than doubled during Bussell's tenure at M&CE.

Bussell also has become a vital part of the Decatur business community. Currently, he serves on the board of trustees at Millikin University, board of directors and executive committee of the Greater Decatur Chamber of Commerce, and the board of the Decatur/Macon County Community Foundation. Bussell also is head of the Board of Directors for Homework Hangout, a community-wide afterschool program. Bussell has been inducted into the Business Hall of Fame in Decatur, and was awarded the Platinum Civic Leadership Award by the Decatur Chamber of Commerce.

Bussell was instrumental in bringing Imagine 21(TM), an innovative leadership and performance program to Caterpillar and his business unit. He was also instrumental in taking this program throughout the Decatur community as well. To date, approximately 3,000 Decatur-area citizens have benefited from the program.

"Rod has had a dramatic impact on our company's success, and the entire Caterpillar family wishes him and his wife, Jane, a long, healthy and happy retirement," said Caterpillar Group President Gerry Shaheen. "We're pleased that they plan to continue to reside in the Decatur area and enjoy their sons Craig and Eric and daughter-in-law Nancy."

Bussell's replacement will be announced at a later date.

For more than 80 years, Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent. With 2006 sales and revenues of $41.517 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at http://www.cat.com .

Source: Caterpillar Inc.

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