Douglas R. Oberhelman (born February 25, 1953) is an American businessman. He is the former CEO and Executive Chairman of Caterpillar Inc. in Peoria, Illinois.
Biography
Early life and education Oberhelman was raised in Woodstock, Illinois, where his father was a John Deere salesman. His family originates from Westphalia, Germany. Oberhelman attended Millikin University, where he was a member of Sigma Alpha Epsilon. He graduated with a Bachelor of Arts in Finance in 1975.
Career Oberhelman joined Caterpillar shortly after his college graduation in 1975. He became a Caterpillar Vice President in 1995, serving as Chief Financial Officer from 1995 to 1998. He succeeded Jim Owens as CEO on July 1, 2010 and as Executive Chairman of the Board on November 1, 2010. Oberhelman retired from Caterpillar in 2017.
He sat on the board of Ameren until April 27, 2010. He served as Vice Chairman of the Executive Committee of The Business Council in 2013 and 2014.Dow Chairman and CEO Andrew Liveris Elected Chairman, The Business Council , dow.com, October 19, 2012Press Release: The Dow Chemical Company, Dow Chairman and CEO Andrew Liveris Elected Chairman, The Business Council, Yahoo!, October 19, 2012
In September 2009, he was elected to the Board of Directors of World Resources Institute.World Resources Institute Biosketch of Douglas R. Oberhelman . Accessed March 27, 2012. Caterpillar President, Experts in Clean Tech & Energy Markets Named Directors at WRI . Accessed March 27, 2012.
Personal life His wife, Diane Oberhelman, is chairwoman of Cullinan Properties Ltd.
In 2011 Oberhelman earned an income (including options, bonus etc.) of $16.9 million, a sixty percent increase from his earnings the previous year.
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