Caterpillar Appoints New Energy & Transportation Group President

12/14/23 2:04:00 PM ET

Construction/Ag Equipment/Trucks

Industrials

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IRVING, Texas, Dec. 14, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) announced today that Jason Kaiser, senior vice president of the Electric Power Division, has been appointed to Group President of the Energy & Transportation (E&T) segment, effective Jan. 1, 2024.

In this role, Kaiser will have responsibility for the Rail Division, Solar Turbines, Large Power Systems Division, Industrial Power Systems Division, Electric Power Division (EPD), Caterpillar Oil & Gas and Marine Division (COGMD), Cat Reman® and Electrification and Energy Solutions Division.

"Jason's extensive experience in engineering, product management and operations makes him well-suited to lead our Energy & Transportation segment," said Caterpillar Chairman and CEO Jim Umpleby. "Jason leads with our Values at the forefront and will continue to make a positive impact within E&T and across our broader Caterpillar team."

Since joining Caterpillar in 2000, Kaiser has held numerous roles in engineering, sales and operations with increasing responsibility across the electric power business.

Kaiser graduated from Rose-Hulman Institute of Technology with a bachelor's degree in electrical engineering.

About Caterpillar

With 2022 sales and revenues of $59.4 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we've been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/socialmedia.html.

View original content to download multimedia:https://www.prnewswire.com/news-releases/caterpillar-appoints-new-energy--transportation-group-president-302016007.html

SOURCE Caterpillar Inc.

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Recent Analyst Ratings for

$CAT

Date	Price Target	Rating	Analyst
11/14/2025		Overweight	Wells Fargo
11/6/2025	$660.00	Hold → Buy	HSBC Securities
10/22/2025	$560.00	Sector Perform	RBC Capital Mkts
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7/9/2025	$500.00	Hold → Buy	Melius
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Caterpillar Appoints New Energy & Transportation Group President

12/14/23 2:04:00 PM ET

$CAT

Construction/Ag Equipment/Trucks

Industrials

Get the next $CAT alert in real time by email

Since joining Caterpillar in 2000, Kaiser has held numerous roles in engineering, sales and operations with increasing responsibility across the electric power business.

Kaiser graduated from Rose-Hulman Institute of Technology with a bachelor's degree in electrical engineering.

View original content to download multimedia:https://www.prnewswire.com/news-releases/caterpillar-appoints-new-energy--transportation-group-president-302016007.html

SOURCE Caterpillar Inc.

Get the next $CAT alert in real time by email

Recent Analyst Ratings for

$CAT

Date	Price Target	Rating	Analyst
11/14/2025		Overweight	Wells Fargo
11/6/2025	$660.00	Hold → Buy	HSBC Securities
10/22/2025	$560.00	Sector Perform	RBC Capital Mkts
10/3/2025		Hold → Buy	Erste Group
8/19/2025	$476.00	In-line → Outperform	Evercore ISI
8/7/2025	$350.00	Equal-Weight → Underweight	Morgan Stanley
7/9/2025	$500.00	Hold → Buy	Melius
5/30/2025	$335.00 → $385.00	Buy	BofA Securities

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