DEERFIELD, Ill., Dec. 18, 2018 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) announced today that Zach Kauk, vice president of the Excavation Division, is leaving the company to pursue other opportunities.
Replacing Kauk will be Tom Frake, current vice president of Global Power Solutions Division (GPSD). Both moves are effective immediately.
"Tom's deep expertise in both the machine and engine businesses, as well as his broad global experience during his more than three decades at Caterpillar, will position him well to lead the excavation team," said Tom Pellette, Caterpillar group president of Construction Industries. "We thank Zach for his significant contributions and years of service to Caterpillar and our customers."
A replacement for Frake will be named soon.
For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2017 sales and revenues of $45.462 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three primary segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.
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SOURCE Caterpillar Inc.