Doug Oberhelman - Caterpillar

January 09, 2017, 15:30 IST
Caterpillar's chief executive Doug Oberhelman stepped down from his position as the heavy equipment maker suffers from a prolonged slowdown in the mining sector.

Doug Oberhelman handed over reins as chief executive to Caterpillar group president Jim Umpleby on January 1.

Oberhelman took over at Caterpillar in 2010 amid a booming commodities market. But he has been criticised for engineering an $8.8 billion 2011 takeover of mining-equipment maker Bucyrus shortly before the downturn.