09.12.2010

Caterpillar announces two new directors

Caterpillar has announced today that Jesse J. Greene, Jr. and Miles D. White have been elected to the Caterpillar board of directors effective January 1, 2011. Greene will serve as a member of the audit committee and White will serve as a member of the governance committee.

Greene is currently the chief financial risk officer for IBM where he has worked for approximately 30 years, including a variety of senior positions in finance. He also has acquired senior financial and information technology experience from positions with Compaq Computer and Eastman Kodak.

“I am pleased to have Jesse as a member of our board, as he brings with him a deep understanding of finance and information technology that will benefit Caterpillar,” said Caterpillar chief executive Doug Oberhelman.

White has served as the chief executive of Abbott Laboratories
since 1998 and as its chairman since 1999. He joined Abbott in 1984 and
held a number of senior positions with increasing responsibility prior to his current posting.

“As the chairman and CEO of a global company like Abbott, Miles will add a
valuable, broad-based perspective to our board, drawing from his experience of leading a company with manufacturing operations around the world,” Oberhelman said.