What changed
Denise Johnson, group president of Resource Industries, will retire effective Feb. 1, 2027. Derrick York, currently president of Solar Turbines and a Caterpillar senior vice president, becomes group president of Resource Industries effective Nov. 1, 2026, with Johnson moving to an advisory role for the transition. Johnson led Resource Industries since 2016, returning the segment to profitability and delivering its strongest financial performance in more than a decade. York has led Solar Turbines since 2023 and has 16 years with Caterpillar, including as senior vice president of the Oil & Gas and Marine division.
Why it matters
Denise Johnson, group president of Resource Industries, will retire effective Feb. 1, 2027. Derrick York, currently president of Solar Turbines and a Caterpillar senior vice president, becomes group p