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Caterpillar Announces Leadership Transition in Resource Industries

  • Caterpillar Inc. announced that Denise Johnson, group president of Resource Industries, will retire effective Feb. 1, 2027.
  • Derrick York, currently president of Solar Turbines & Caterpillar senior vice president, was appointed group president of Resource Industries effective Nov. 1, 2026.
  • Johnson will assume an advisory role until her retirement to ensure a seamless leadership transition.
  • Johnson joined Caterpillar in 2011 & transformed the mining business, returning the segment to profitability & achieving its strongest financial performance in over a decade.
  • She assumed leadership of Resource Industries in 2016 during a historic mining downturn & advanced technologies defining modern mine sites.
  • Joe Creed, Caterpillar chairman & CEO, credited Johnson with restoring profitability & positioning the company as a leader in mining autonomy & technology.
  • York has led the global business unit for industrial gas turbines & compressors since 2023 & has 16 years of service with Caterpillar.
  • York previously served as senior vice president of Caterpillar's Oil & Gas & Marine division & held leadership roles in finance & corporate development.
  • York holds a bachelor's degree in finance from the University of Illinois at Urbana-Champaign & a master's degree in business administration from Northwestern University's Kellogg School of Management.
  • Johnson expressed confidence in York & stated her pride in the foundation & people developed during her tenure.