Peoria, Ill.-based equipment maker Caterpillar Inc. announced Oct. 17 that its CEO and chairman Doug Oberhelman will retire from the company in March, 2017. Oberhelman has been with Caterpillar for 41 years, and was appointed CEO in 2010.
India’s construction-equipment sales grew 37% year-over-year in the first six months of 2016 and are expected to grow a further 20% this year, according to U.K.-based market analyst Off-Highway Research.
