Corporate GovernanceApr 30, 2026, 02:06 PM
CAT 2026 Annual Meeting Set; Joseph Creed New Chairman & CEO
AI Summary
Caterpillar Inc. announced its 2026 Annual Meeting of Shareholders will be held virtually on June 10, 2026. Joseph E. Creed assumed the roles of Chairman and CEO, succeeding Jim Umpleby, who retired on April 1, 2026. The company reported record full-year sales and revenues of $67.6 billion in 2025, alongside strong operating profit and significant shareholder returns. Shareholders will vote on director nominees, auditor ratification, executive compensation, and a shareholder proposal.
Key Highlights
- Joseph E. Creed appointed Chairman and CEO, succeeding Jim Umpleby.
- Jim Umpleby retired as Executive Chairman on April 1, 2026.
- 2026 Annual Meeting of Shareholders scheduled for June 10, 2026.
- Shareholders to vote on election of ten director nominees.
- 2025 Sales & Revenues reached a record $67.6 billion.
- 2025 Operating Profit was $11.2 billion.
- Deployed $7.9 billion to shareholders via buybacks and dividends in 2025.
- Record backlog of $51 billion, up 71% year-over-year.