Caterpillar Inc.

CAT

US1491231015

Heavy Machinery & Vehicles

Market Closed - Nyse Other stock markets 04:00:02 2026-02-10 pm EST			After hours 04:26:10 pm
742.37 ^USD	+0.03%		745.50	+0.42%

10:59am	Caterpillar Poised for Broader Turbine Demand as Midstream, Pemex Spending Rise, BofA Says	MT
10:09am	BofA Securities Adjusts Caterpillar Price Target to $825 From $735, Maintains Buy Rating	MT

Caterpillar Inc. Announces Executive Changes of Construction Industries

Published on 01/14/2026 at 05:05 pm EST

S&P Capital IQ

CATERPILLAR INC.

+0.03%

Caterpillar Inc. announced that Tony Fassino, group president of Construction Industries, has elected to retire effective May 31, 2026, following 30 years with the company. Caterpillar veteran Rod Shurman has been appointed group president of Construction Industries effective February 1, 2026, at which time Fassino will become group president, retired, for the remainder of the transition. Fassino's experience across Caterpillar's global portfolio helped drive the design and introduction of new products, services and technology, the development of go-to-market and distribution strategies, and the implementation of operational excellence across an extensive manufacturing and supply base.

He held a variety of positions worldwide, including his appointment to senior vice president of Building Construction Products (BCP) in 2018 and group president of Construction Industries in 2021. Fassino also held numerous external leadership roles with the Association of Equipment Manufacturers, the Associated Equipment Distributors Foundation, the United Way of the Greater Triangle, the FFA Foundation and is currently the 2025 ? 2026 chair of the American Road & Transportation Builders Association.

Shurman currently serves as senior vice president of Caterpillar's BCP division, where he provides global leadership of the compact, versatile construction machines and attachments business. In his new role, he will be responsible for Caterpillar's Construction Industries segment, which includes Earthmoving, Excavation, BCP, China Operation, Cat Rental & Used, Customer Solutions Core Regions and Customer Solutions Growth Regions divisions, as well as the Construction Industries Supply Management group. Since joining Caterpillar in 1997, Shurman has held positions of increasing responsibility in engineering, service and operations functions.

He has served as senior vice president for Caterpillar's Oil & Gas as well as Electrification & Energy Solutions divisions. Shurman has a bachelor's degree in mechanical engineering from Purdue University.

Latest news about Caterpillar Inc.

10:59am	Caterpillar Poised for Broader Turbine Demand as Midstream, Pemex Spending Rise, BofA Says	MT
10:09am	BofA Securities Adjusts Caterpillar Price Target to $825 From $735, Maintains Buy Rating	MT
12:38am	BofA Tweaks Rolls-Royce Price Objective, Estimates Amid Expected Power Systems Growth	MT
Feb. 09	Caterpillar Insider Sold Shares Worth $4,356,731, According to a Recent SEC Filing	MT
Feb. 09	Caterpillar Insider Sold Shares Worth $16,314,812, According to a Recent SEC Filing	MT
Feb. 06	Industrials Up on Mixed Earnings -- Industrials Roundup	DJ
Feb. 06	Dow Jones Industrial Average breaks 50,000 level for first time	RE
Feb. 06	CICC Initiates Coverage on Caterpillar With Outperform Rating, $800 Price Target	MT
Feb. 06	In Trump's war on global justice, court staff and U.N. face terrorist-grade sanctions	RE
Feb. 05	Caterpillar Insider Sold Shares Worth $11,328,811, According to a Recent SEC Filing	MT
Feb. 05	HSBC Adjusts Price Target on Caterpillar to $850 From $660, Maintains Buy Rating	MT
Feb. 04	Caterpillar Insider Sold Shares Worth $26,655,960, According to a Recent SEC Filing	MT
Feb. 04	Rothschild & Co Redburn Adjusts PT on Caterpillar to $700 From $650, Maintains Neutral Rating	MT
Feb. 03	ASX Midday Sector Update: Materials Sector Jump, Information Technology Stocks Fall	MT
Feb. 03	Caterpillar Inc. completed the acquisition of RPMGlobal Holdings Limited.	CI
Feb. 03	RPMGlobal Holdings Says Acquisition by Caterpillar Unit Becomes Effective	MT
Feb. 03	Caterpillar Insider Sold Shares Worth $7,261,082, According to a Recent SEC Filing	MT
Feb. 02	RPMGlobal says Federal Court of Australia approves scheme of arrangement	RE
Feb. 02	RPMGlobal Holdings Says Federal Court Approves Proposed Acquisition by Caterpillar Unit	MT
Feb. 02	Morgan Stanley Adjusts Caterpillar PT to $425 From $400, Maintains Underweight Rating	MT
Feb. 02	America's New Gold Rush (and Why It Just Face-Planted)
Feb. 02	DA Davidson Adjusts Price Target on Caterpillar to $650 From $569, Maintains Neutral Rating	MT
Feb. 02	Analyst recommendations: Apple, Autodesk, Best Buy, Caterpillar, PayPal…
Jan. 30	Caterpillar Upside Likely to be Driven by Power and Energy Demand, Bank of America Says	MT
Jan. 30	BofA Adjusts Price Target on Caterpillar to $735 From $708, Maintains Buy Rating	MT

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Company Profile

Caterpillar Inc. is the world's leading producer of mining construction and operation equipment, diesel and natural gas motors, and industrial gas turbines. Net sales break down by activity as follows: - sale of machines and motors (94.7%): terracing and construction machines (power shovels, high-lifts, bulldozers, etc.), agricultural and forestry tractors, motors and turbines (for heavy trucks, boats, industrial machines, and power stations), conveyer systems, hydraulic circuits and components, etc.; - financial services (5.3%). Net sales are distributed geographically as follows: North America (53.1%), Europe/Africa/Middle East (19%), Asia/Pacific (17.6%) and Latin America (10.3%).

Employees

112,900

Sector

Heavy Machinery & Vehicles

Calendar

Apr. 22 - Q1 2026 Earnings Release (Projected)

More about the company