Caterpillar Announces New Officer Position; Hires Kathryn Dickey Karol as Vice President of Global Government and Corporate Affairs
Position will report to office of Executive Vice President of Law and Public Policy
WASHINGTON, June 22, 2012 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today announced that its Board of Directors has appointed Kathryn Dickey Karol to the newly created position of vice president with responsibility for global government and corporate affairs. Karol brings more than 25 years of progressive, global experience in the field to Caterpillar. She is currently vice president of global government and corporate affairs for Amgen, Inc., a position she has held since 2006. Previously, she was an executive director of government affairs for Eli Lilly & Company. She will join Caterpillar on September 10, 2012, and will report to Jim Buda, Caterpillar executive vice president with responsibility for law and public policy.
"We are thrilled to have a government and corporate affairs professional with Kathryn's depth and global experience joining Caterpillar in this newly created position," Buda said. "As the global leader in our industry, and with a strong presence in every region of the world, it is more important than ever that Caterpillar effectively leverage our government and corporate affairs teams to support our global business," Buda added.
Karol will be based in Washington, D.C. and will have responsibility for strategy development and implementation for Caterpillar government affairs in the United States, as well as leading government affairs teams in Asia, Europe, Africa and the Middle East and South America. In addition, Caterpillar's Corporate Public Affairs organization will report to Karol, which includes corporate communications, the Caterpillar Visitors Center, media relations, social activities and the Caterpillar Foundation.
For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at: http://www.caterpillar.com.
Certain statements in this release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements.
Caterpillar's actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global economic conditions and economic conditions in the industries and markets we serve; (ii) government monetary or fiscal policies and infrastructure spending; (iii) commodity or component price increases and/or limited availability of raw materials and component products, including steel; (iv) our and our customers', dealers' and suppliers' ability to access and manage liquidity; (v) political and economic risks and instability, including national or international conflicts and civil unrest; (vi) our and Cat Financial's ability to: maintain credit ratings, avoid material increases in borrowing costs, and access capital markets; (vii) the financial condition and credit worthiness of Cat Financial's customers; (viii) inability to realize expected benefits from acquisitions and divestitures, including the acquisition of Bucyrus International, Inc.; (ix) international trade and investment policies; (x) challenges related to Tier 4 emissions compliance; (xi) market acceptance of our products and services; (xii) changes in the competitive environment, including market share, pricing and geographic and product mix of sales; (xiii) successful implementation of capacity expansion projects, cost reduction initiatives and efficiency or productivity initiatives, including the Caterpillar Production System; (xiv) sourcing practices of our dealers or original equipment manufacturers; (xv) compliance with environmental laws and regulations; (xvi) alleged or actual violations of trade or anti-corruption laws and regulations; (xvii) additional tax expense or exposure; (xviii) currency fluctuations; (xix) our or Cat Financial's compliance with financial covenants; (xx) increased pension plan funding obligations; (xxi) union disputes or other employee relations issues; (xxii) significant legal proceedings, claims, lawsuits or investigations; (xxiii) compliance requirements imposed if carbon emissions legislation and/or regulations are adopted; (xxiv) changes in accounting standards; (xxv) failure or breach of IT security; (xxvi) adverse effects of natural disasters; and (xxvii) other factors described in more detail under "Item 1A. Risk Factors" in our Form 10-K filed with the SEC on February 21, 2012 for the year ended December 31, 2011. This filing is available on our website at www.caterpillar.com/secfilings.
SOURCE Caterpillar Inc.
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