With the retirement of Steve Niehaus, vice president for the Electric Power Division (EPD), Caterpillar has announced it will consolidate the Electric Power and Marine & Petroleum Power Divisions in a new Electric Power, Marine and O&G Division (EPMOG). The new division will be led by current Marine & Petroleum Power Division (MPPD) Vice President Tom Frake.
Niehaus has elected to retire after 27 years of service with the company, including the last three as vice president with responsibility for EPD. Since joining Caterpillar in 1989 as a marketing trainee, Niehaus has held numerous positions in the commercial engine businesses, large engine center marketing and Solar Turbines. In 2013, he was named vice president of EPD.
Frake, a 30-year veteran of Caterpillar, has a broad marketing and product background. He has led MPPD since 2012, which provides a solid foundation for the newly formed EPMOG.
“We continue to focus on our customers’ success with leading and innovative products, services and solutions, while also reducing costs in this challenging environment,” said Caterpillar Chairman & CEO Doug Oberhelman. “Consolidating these energy operations along with the recently announced integration of two divisions within Customer & Dealer Support will bring efficiencies and a streamlined leadership team. With these changes, we will have reduced executive leadership by 13% since 2013.”
The changes are effective June 1, 2016.
