Caterpillar Announces Officer Retirements, Appointments

PEORIA, IL – Caterpillar Inc. (NYSE: CAT) today announced Vice President Sid Banwart will retire effective October 1, 2009, after more than 41 years with the company. Banwart has been the vice president of Caterpillar’s Human Services Division (HSD) since 2004. The division has global responsibility for corporate human resources, compensation and benefits, diversity, public affairs, Caterpillar University, and safety and sustainability initiatives.

“The people of Caterpillar are the most important asset we have,” said Caterpillar Chairman and Chief Executive Officer Jim Owens. “Sid’s leadership has been crucial to the success we have made in improving employee engagement over the last five years. On behalf of all of Team Caterpillar, I want to thank Sid for his contributions to Caterpillar over more than 41 years. We wish him well during his retirement,” Owens added…read the rest of the article here.