Douglas R. Oberhelman | |
---|---|
Born | February 25, 1953 71) | (age
Alma mater | Millikin University (1975) |
Occupation | Business executive |
Years active | 1975[1] [2] | –present
Employer | Caterpillar Inc. |
Board member of |
|
Spouse | Diane Cullinan [1] [5] [6] |
CEO, Caterpillar | |
In office July 1, 2010 –December 31, 2016 | |
Preceded by | James W. Owens |
Succeeded by | Jim Umpleby |
Chairman of the Board,Caterpillar | |
In office November 1,2010 –March 31,2017 | |
Preceded by | James W. Owens |
Succeeded by | Dave Calhoun |
Douglas R. Oberhelman (born February 25,1953) [7] is an American businessman. He is the former CEO and Executive Chairman of Caterpillar Inc. in Peoria,Illinois.
Oberhelman was raised in Woodstock,Illinois,where his father was a John Deere salesman. [1] His family originates from Westphalia,Germany. [8] Oberhelman attended Millikin University,where he was a member of Sigma Alpha Epsilon. He graduated with a Bachelor of Arts in Finance in 1975.
Oberhelman joined Caterpillar shortly after his college graduation in 1975. [1] [2] He became a Caterpillar Vice President in 1995,serving as Chief Financial Officer from 1995 to 1998. [2] [9] He succeeded Jim Owens as CEO on July 1,2010 and as Executive Chairman of the Board on November 1,2010. [2] [9] Oberhelman retired from Caterpillar in 2017. [10]
He sat on the board of Ameren until April 27,2010. [11] He served as Vice Chairman of the Executive Committee of The Business Council in 2013 and 2014. [12] [13]
In September 2009,he was elected to the Board of Directors of World Resources Institute. [14] [15]
His wife,Diane Oberhelman,is chairwoman of Cullinan Properties Ltd. [5] [6]
In 2011 Oberhelman earned an income (including options,bonus etc.) of $16.9 million,a sixty percent increase from his earnings the previous year. [16]
Peoria is a city in and county seat of Peoria County,Illinois,United States. Located on the Illinois River,the city had a population of 113,150 as of the 2020 census,making it the eighth-most populous city in Illinois. It is the principal city of the Peoria metropolitan area in Central Illinois,consisting of the counties of Fulton,Marshall,Peoria,Stark,Tazewell,and Woodford which had a population of 402,391 in 2020.
East Peoria is a city in Tazewell County,Illinois,United States. The population was 22,484 at the 2020 census. East Peoria is part of the Peoria,Illinois Metropolitan Statistical Area,located across the Illinois River from downtown Peoria. It is home to many Caterpillar Inc. facilities.
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As previously announced, Mr. Oberhelman will not stand for re-election to the Ameren board and will step down as a director effective April 27, 2010.