Doug Oberhelman Explained

Douglas R. Oberhelman
Alma Mater:	Millikin University (1975)
Occupation:	Business executive
Years Active:	–present
Employer:	Caterpillar Inc.
Spouse:	Diane Cullinan
Module:	Embed: yes CEO, Caterpillar Term Start: July 1, 2010 Term End: December 31, 2016 Title2: Chairman of the Board, Caterpillar Term Start2: November 1, 2010 Term End2: March 31, 2017

Douglas R. Oberhelman (born February 25, 1953)^[1] is an American businessman. He is the former CEO and Executive Chairman of Caterpillar Inc. in Peoria, Illinois.

Biography

Early life and education

Oberhelman was raised in Woodstock, Illinois, where his father was a John Deere salesman.^[2] His family originates from Westphalia, Germany.^[3] Oberhelman attended Millikin University, where he was a member of Sigma Alpha Epsilon. He graduated with a Bachelor of Arts in Finance in 1975.

Career

Oberhelman joined Caterpillar shortly after his college graduation in 1975.^[2] He became a Caterpillar Vice President in 1995, serving as Chief Financial Officer from 1995 to 1998. He succeeded Jim Owens as CEO on July 1, 2010 and as Executive Chairman of the Board on November 1, 2010.^{[4] [5]} Oberhelman retired from Caterpillar in 2017.^[6]

He sat on the board of Ameren until April 27, 2010.^[7] He served as Vice Chairman of the Executive Committee of The Business Council in 2013 and 2014.^{[8] [9]}

In September 2009, he was elected to the Board of Directors of World Resources Institute.^{[10] [11]}

Personal life

His wife, Diane Oberhelman, is chairwoman of Cullinan Properties Ltd.^{[12] [13]}

In 2011 Oberhelman earned an income (including options, bonus etc.) of $16.9 million, a sixty percent increase from his earnings the previous year.^[14]

Notes and References

1. Web site: Birthdatabase Index.
2. News: Doug Oberhelman: Champion of Sustainability . InterBusiness Issues . Central Illinois Business Publishers, Inc. . . September 2008 . 2009-10-23 .
3. Web site: Slider. Mark. Doug Oberhelman, Caterpillar Inc. Chairman and CEO, to be honored as 2015 Distinguished German-American of the Year. German Life. 2017-08-16. https://web.archive.org/web/20170816215114/http://www.germanlife.com/2015/09/10/doug-oberhelman-caterpillar-inc-chairman-and-ceo-to-be-honored-as-2015-distinguished-german-american-of-the-year/. 2017-08-16. dead.
4. Web site: Douglas R. Oberhelman . . . 2009-07-01 . 2010-07-14 .
5. Caterpillar Outlines Leadership Succession Plan; Board Names Doug Oberhelman Vice Chairman and Chief Executive Officer – Elect . . . 2009-10-22 . 2009-10-22 .
6. Web site: Caterpillar Chairman and CEO Doug Oberhelman Elects to Retire in 2017; Jim Umpleby Elected as Caterpillar's Next CEO; Dave Calhoun to become Non-Executive Chairman of the Board . Caterpillar Inc. . 2016-10-17 . 2020-01-06.
7. News: Douglas R. Oberhelman . . 2010-07-01 . 2010-08-02 . As previously announced, Mr. Oberhelman will not stand for re-election to the Ameren board and will step down as a director effective April 27, 2010. . https://web.archive.org/web/20100723013227/http://people.forbes.com/profile/douglas-r-oberhelman/4242 . July 23, 2010 . dead .
8. http://www.dow.com/news/all-news/article/?id=/company-news/dow-chairman-and-ceo-andrew-liveris-elected-chairman%C2%A0-business-council#.UIWXQIba-So Dow Chairman and CEO Andrew Liveris Elected Chairman, The Business Council
9. Press Release: The Dow Chemical Company, Dow Chairman and CEO Andrew Liveris Elected Chairman, The Business Council, Yahoo!, October 19, 2012
10. [World Resources Institute]
11. http://www.wri.org/press/2009/09/caterpillar-president-experts-clean-tech-energy-markets-named-directors-wri Caterpillar President, Experts in Clean Tech & Energy Markets Named Directors at WRI
12. News: Oberhelmans out to make Laura Bush feel at home . Karen . McDonald . 2010-09-05 . PJStar.com . 2010-11-05 . . Peoria, Illinois .
13. News: Caterpillar selects Oberhelman as next CEO . Paul . Gordon . . 2009-10-23 . 2010-08-02 .
14. News: Chicago Tribune; April 11, 2012 . April 11, 2012.