Douglas R. Oberhelman

Douglas R. Oberhelman (born February 25, 1953)[7] is an American businessman. He is the former CEO and Executive Chairman of Caterpillar Inc. in Peoria, Illinois.

Douglas R. Oberhelman
BornFebruary 25, 1953 (1953-02-25) (age 67)
Alma materMillikin University (1975)
OccupationBusiness executive
Years active1975 (1975)–present[1][2]
EmployerCaterpillar Inc.
Board member of
Spouse(s)Diane Cullinan[1][5][6]
CEO, Caterpillar
In office
July 1, 2010 – December 31, 2016
Preceded byJames W. Owens
Succeeded byJim Umpleby
Chairman of the Board, Caterpillar
In office
November 1, 2010 – March 31, 2017
Preceded byJames W. Owens
Succeeded byDave Calhoun

Biography

Early life

Oberhelman was raised in Woodstock, Illinois, where his father was a John Deere salesman.[1] His family originates from Westphalia, Germany.[8] Oberhelman attended Millikin University, where he was a member of Sigma Alpha Epsilon. He graduated with a Bachelor's degree in 1975.

Career

Oberhelman joined Caterpillar shortly after his college graduation in 1975.[1][2] He became a Caterpillar Vice President in 1995, serving as Chief Financial Officer from 1995 to 1998.[2][9] He succeeded Jim Owens as CEO on July 1, 2010 and as Executive Chairman of the Board on November 1, 2010.[2][9] Oberhelman retired from Caterpillar in 2017.[10]

He sat on the board of Ameren until April 27, 2010.[11] He served as Vice Chairman of the Executive Committee of The Business Council in 2013 and 2014.[12][13]

In September 2009, he was elected to the Board of Directors of World Resources Institute.[14] [15]

Personal life

His wife, Diane Oberhelman, is chairwoman of Cullinan Properties Ltd.[5][6]

In 2011 Oberhelman earned an income (including options, bonus etc.) of $16.9 million, a sixty percent increase from his earnings the previous year.[16]

References
  1. "Doug Oberhelman: Champion of Sustainability". InterBusiness Issues. Peoria, Illinois: Central Illinois Business Publishers, Inc. September 2008. Retrieved October 23, 2009.
  2. "Douglas R. Oberhelman". Peoria, Illinois: Caterpillar Inc. July 1, 2009. Retrieved July 14, 2010.
  3. "Doug Oberhelman Elected to ExxonMobil Board". Business Wire. Irving, Texas. May 27, 2015. Retrieved October 26, 2020.
  4. "Wetlands America Trust". Ducks Unlimited. Retrieved January 6, 2021.
  5. McDonald, Karen (September 5, 2010). "Oberhelmans out to make Laura Bush feel at home". PJStar.com. Peoria, Illinois: GateHouse Media. Retrieved November 5, 2010.
  6. Gordon, Paul (October 23, 2009). "Caterpillar selects Oberhelman as next CEO". PJStar.com. Retrieved August 2, 2010.
  7. "Birthdatabase Index".
  8. Slider, Mark. "Doug Oberhelman, Caterpillar Inc. Chairman and CEO, to be honored as 2015 Distinguished German-American of the Year". German Life. Archived from the original on August 16, 2017. Retrieved August 16, 2017.
  9. "Caterpillar Outlines Leadership Succession Plan; Board Names Doug Oberhelman Vice Chairman and Chief Executive Officer – Elect" (PDF) (Press release). Peoria, Illinois: Caterpillar Inc. October 22, 2009. Retrieved October 22, 2009.
  10. "Caterpillar Chairman and CEO Doug Oberhelman Elects to Retire in 2017; Jim Umpleby Elected as Caterpillar's Next CEO; Dave Calhoun to become Non-Executive Chairman of the Board". Caterpillar Inc. October 17, 2016. Retrieved January 6, 2020.
  11. "Douglas R. Oberhelman". Forbes.com. July 1, 2010. Archived from the original on July 23, 2010. Retrieved August 2, 2010. As previously announced, Mr. Oberhelman will not stand for re-election to the Ameren board and will step down as a director effective April 27, 2010.
  12. Dow Chairman and CEO Andrew Liveris Elected Chairman, The Business Council Archived 2012-12-09 at Archive.today, dow.com, October 19, 2012
  13. Press Release: The Dow Chemical Company, Dow Chairman and CEO Andrew Liveris Elected Chairman, The Business Council, Yahoo!, October 19, 2012
  14. World Resources Institute Biosketch of Douglas R. Oberhelman. Accessed March 27, 2012.
  15. Caterpillar President, Experts in Clean Tech & Energy Markets Named Directors at WRI Archived 2012-04-07 at the Wayback Machine. Accessed March 27, 2012.
  16. "Chicago Tribune; April 11, 2012". April 11, 2012.
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