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For more than 90 years, the global engine, power generation and engineering equipment giant Caterpillar's headquarters has been located in Peoria, Illinois, USA. Today, this will be a history for many of Caterpillar's markets.
Recently, Caterpillar announced that in late 2017, some of its senior management and support functions will be relocated to Chicago, Illinois, USA as the new global headquarters. Caterpillar also stressed that Peoria will continue to play an important role, most of the employees will remain in Peoria, but the previously announced Peoria headquarters building will no longer be built.
Many of the company's senior executives will be relocated to the Chicago Leasing office in early 2017. Once the new headquarters office is fully operational, it is expected that approximately 300 employees will work in Chicago, including CEO Jim Umpleby and Group President. Several vice presidents, finance staff, legal and human resources, support and other departments.
According to company CEO Jim Umpleby, the company's board of directors has discussed the relocation of the headquarters for a long time. Since 2012, about two-thirds of Caterpillar's sales and revenues have come from outside the US, and the company's headquarters has been arranged to an international transportation hub like Chicago, which means we can better serve our international customers and distributors. And employees.