Caterpillar Announces Appointment of New Independent Director

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Caterpillar Inc. (NYSE: CAT) has appointed Nazzic S. Keene, former CEO of Science Applications International (SAIC), to its board of directors, effective Nov. 1. Keene, 64, will serve on Caterpillar's Nominating & Governance Committee and Compensation & Human Resources Committee.

Keene retired in 2023 after four years as CEO and director of SAIC, a global company specializing in integrating information technology systems for government bodies. She previously served as SAIC's Chief Operating Officer from 2017 to 2019 and as President of Global Markets & Missions from 2013 to 2017. Keene is currently a director of Automatic Data Processing Inc. and ITT Inc.

Caterpillar Inc. (NYSE: CAT) ha nombrado a Nazzic S. Keene, ex CEO de Science Applications International (SAIC), para su consejo de administración, con efecto a partir del 1 de noviembre. Keene, de 64 años, formará parte del Comité de Nominaciones y Gobernanza y del Comité de Compensación y Recursos Humanos de Caterpillar.
Keene se retiró en 2023 después de cuatro años como CEO y directora de SAIC, una empresa global especializada en la integración de sistemas de tecnología de la información para organismos gubernamentales. Anteriormente, ocupó el cargo de Directora de Operaciones de SAIC de 2017 a 2019 y fue Presidenta de Mercados y Misiones Globales de 2013 a 2017. Actualmente, Keene es directora de Automatic Data Processing Inc. y ITT Inc.

Caterpillar Inc. (NYSE: CAT)는 Nazzic S. Keene, 전 Science Applications International (SAIC) CEO를 이사회의 멤버로 임명했으며, 11월 1일부터 효력이 발생합니다. 64세인 Keene은 Caterpillar의 추천 및 관리위원회와 보상 및 인사위원회에서 활동하게 됩니다.
Keene은 2023년에 SAIC의 CEO 및 이사로서 4년 동안 근무한 후 은퇴했습니다. SAIC는 정부 기관을 위한 IT 시스템 통합을 전문으로 하는 글로벌 기업입니다. 그녀는 2017년부터 2019년까지 SAIC의 최고 운영 책임자(Chief Operating Officer)를, 2013년부터 2017년까지는 글로벌 시장 및 임무의 사장 직을 맡았습니다. 현재 Keene은 Automatic Data Processing Inc.와 ITT Inc.의 이사입니다.

Caterpillar Inc. (NYSE: CAT) a nommé Nazzic S. Keene, ancienne CEO de Science Applications International (SAIC), à son conseil d'administration, à compter du 1er novembre. Keene, âgée de 64 ans, siégera au Comité des nominations et de la gouvernance et au Comité des rémunérations et des ressources humaines de Caterpillar.
Keene a pris sa retraite en 2023 après quatre ans en tant que CEO et directrice de SAIC, une entreprise mondiale spécialisée dans l'intégration de systèmes de technologie de l'information pour les organismes gouvernementaux. Elle a précédemment occupé le poste de Directrice des opérations de SAIC de 2017 à 2019 et de Présidente des Marchés et des Missions globales de 2013 à 2017. Actuellement, Keene est membre du conseil d'Automatic Data Processing Inc. et d'ITT Inc.

Caterpillar Inc. (NYSE: CAT) hat Nazzic S. Keene, ehemalige CEO von Science Applications International (SAIC), in seinen Aufsichtsrat berufen, mit Wirkung zum 1. November. Keene, 64, wird im Nominierungs- und Governance-Ausschuss sowie im Vergütungs- und Personal-Ausschuss von Caterpillar mitwirken.
Keene trat 2023 nach vier Jahren als CEO und Direktor von SAIC, einem globalen Unternehmen, das auf die Integration von Informationstechnologiesystemen für Regierungsbehörden spezialisiert ist, in den Ruhestand. Zuvor war sie von 2017 bis 2019 als Chief Operating Officer von SAIC tätig und von 2013 bis 2017 als Präsidentin der Global Markets & Missions. Derzeit ist Keene Mitglied des Vorstands von Automatic Data Processing Inc. und ITT Inc.

Positive

Appointment of experienced technology industry leader to the board

Potential for fresh perspectives and insights from IT sector

Strengthening of board expertise in technology and government contracts

Negative

None.

10/11/2024 - 08:30 AM

Nazzic Keene to Join the Board

IRVING, Texas, Oct. 11, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today announced that Nazzic S. Keene, former chief executive officer of Science Applications International Corporation (SAIC), has been appointed to the Caterpillar board of directors, effective Nov. 1. Keene will serve on Caterpillar's Nominating & Governance Committee and Compensation & Human Resources Committee.

"We are pleased to welcome a leader of such high caliber to our board," said Caterpillar Chairman and CEO Jim Umpleby. "With Nazzic's leadership history of driving growth and change in the information technology industry, Caterpillar is well positioned to help our customers build a better, more sustainable world and deliver long-term profitable growth."

Keene, 64, retired in 2023 after four years as CEO and a director of SAIC, a multi-billion-dollar global company engaged in integrating information technology systems that manage engineering, large-scale IT modernization, and security, logistics, simulation and data analytics for government bodies. She was appointed to the position of CEO and elected as a director after having served as Chief Operating Officer of SAIC from 2017 to 2019 and as the President of Global Markets & Missions from 2013 to 2017. Ms. Keene is currently a director of Automatic Data Processing Inc. and ITT Inc.

About Caterpillar
With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we've been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.

Forward-Looking Statements
Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "forecast," "target," "guide," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance and speak only as of the date they are made, and we do not undertake to update our forward-looking statements.

Caterpillar's actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global and regional economic conditions and economic conditions in the industries we serve; (ii) commodity price changes, material price increases, fluctuations in demand for our products or significant shortages of material; (iii) government monetary or fiscal policies; (iv) political and economic risks, commercial instability and events beyond our control in the countries in which we operate; (v) international trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates; (vi) our ability to develop, produce and market quality products that meet our customers' needs; (vii) the impact of the highly competitive environment in which we operate on our sales and pricing; (viii) information technology security threats and computer crime; (ix) inventory management decisions and sourcing practices of our dealers and our OEM customers; (x) a failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures or divestitures; (xi) union disputes or other employee relations issues; (xii) adverse effects of unexpected events; (xiii) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and suppliers; (xiv) failure to maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets; (xv) our Financial Products segment's risks associated with the financial services industry; (xvi) changes in interest rates or market liquidity conditions; (xvii) an increase in delinquencies, repossessions or net losses of Cat Financial's customers; (xviii) currency fluctuations; (xix) our or Cat Financial's compliance with financial and other restrictive covenants in debt agreements; (xx) increased pension plan funding obligations; (xxi) alleged or actual violations of trade or anti-corruption laws and regulations; (xxii) additional tax expense or exposure, including the impact of U.S. tax reform; (xxiii) significant legal proceedings, claims, lawsuits or government investigations; (xxiv) new regulations or changes in financial services regulations; (xxv) compliance with environmental laws and regulations; (xxvi) catastrophic events, including global pandemics such as the COVID-19 pandemic; and (xxvii) other factors described in more detail in Caterpillar's Forms 10-Q, 10-K and other filings with the Securities and Exchange Commission.

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SOURCE Caterpillar Inc.

FAQ

Who is the new independent director appointed to Caterpillar's (CAT) board?

Nazzic S. Keene, former CEO of Science Applications International (SAIC), has been appointed as a new independent director to Caterpillar's board, effective November 1, 2024.

What committees will Nazzic Keene serve on in Caterpillar's (CAT) board?

Nazzic Keene will serve on Caterpillar's Nominating & Governance Committee and Compensation & Human Resources Committee.

When does Nazzic Keene's appointment to Caterpillar's (CAT) board take effect?

Nazzic Keene's appointment to Caterpillar's board of directors takes effect on November 1, 2024.

What is Nazzic Keene's background prior to joining Caterpillar's (CAT) board?

Nazzic Keene was the former CEO of Science Applications International (SAIC), a global company specializing in IT systems integration for government bodies. She also served as SAIC's COO from 2017 to 2019 and President of Global Markets & Missions from 2013 to 2017.