New leadership at Caterpillar's resource group
Ed Rapp is the new head of Caterpillar's resource group after Steve Wunning, 63, retired.
Caterpillar made the announcement last week. The changeover will occur early next year.
Rapp currently oversees construction industries. He will relocate from Singapore to Peoria.
Here is excerpt from the news release from Caterpillar:
Steve Wunning Retirement
“In a Caterpillar career spanning 41 years of outstanding service, Steve played a crucial role in the development and success of Cat Logistics and our product support business,” said Oberhelman. “In addition, Steve’s executive leadership and long-term vision was critical to Caterpillar’s largest ever acquisition in 2011, the purchase of Bucyrus International. That acquisition positions Caterpillar with an unmatched industry-leading range of surface and underground mining products and solutions for global mining customers. It’s no secret the mining industry has gone through a tough period the last couple years. In the face of that challenging environment, Steve has provided outstanding leadership and guidance for our global mining employees, dealers and customers, and his acute focus on cost management will have us ready for the mining upturn,” Oberhelman added.
Since joining Caterpillar in 1973, Wunning has had assignments of increasing responsibility in manufacturing, quality, product support and logistics. As one of the first employees and leaders of Cat Logistics in 1987, Steve capitalized on Caterpillar's expertise in logistics to provide services to other companies around the world. Steve was named vice president of Cat Logistics in 1990 and president in 1994, ushering in a period of unprecedented growth for the business. In 1998, Wunning was named corporate vice president with responsibility for the Logistics and Product Services Division. In 2000, he became vice president with responsibility for Cat Logistics, which combined all of the internal Caterpillar and external client logistics operations into a single unit. In 2004, the Caterpillar Board of Directors named Wunning a group president.
Wunning has a bachelor's degree from the University of Missouri Rolla – now Missouri University of Science and Technology – and an Executive MBA from the University of Illinois. Wunning serves on the following boards: Manufacturers Alliance/MAPI, Black & Veatch Holding Company, Kennametal Inc., American Red Cross, National Mining Association and Missouri University of Science and Technology.
Ed Rapp Becomes Group President with responsibility for Resource Industries
Caterpillar’s Board of Directors has approved changes in responsibility for Group President Ed Rapp, who currently oversees Construction Industries. Rapp will replace Wunning as group president with responsibility for Resource Industries, effective January 1, 2015. He will relocate from Singapore to Peoria.
“Ed has led the reinvigoration around the world of our construction business, which has resulted in improved profitability and performance in recent years,” said Oberhelman. “He’s also provided outstanding leadership in developing a strong core of local leaders across the Asia Pacific region, setting the stage for our future growth and success in that part of the world.”
Rapp has been a member of Caterpillar’s executive office since 2007, and he served as group president and CFO from mid-2010 until 2013 when he assumed his current role as group president with responsibility for Construction Industries. He was named a Caterpillar vice president in 2000, serving as the head of the EAME Marketing Division until 2004 when he was named vice president with responsibility for the Building Construction Products Division.
Rapp joined Caterpillar as a pricing analyst in 1979. Over the next several years, he held positions with increasing responsibility related to pricing, production scheduling, marketing, dealer development, manufacturing and product development. In the 1990s, he held positions as a district manager in San Francisco, the area manager in Johannesburg, South Africa, and then held several senior positions in Geneva, Switzerland, before being named vice president with responsibility for EAME Marketing in 2000.
Rapp has a bachelor’s degree in finance from the University of Missouri-Columbia and is a graduate of the University of Illinois Executive Development program.
He is a member of the board of directors of Abbvie, FMGlobal and Junior Achievement USA. Rapp is also a member of the University of Missouri College of Business Strategic Development Board.