People

US: Chairman and CEO Doug Oberhelman will retire from Caterpillar on 31 March 2017. The company’s board of directors has elected Jim Umpleby, currently a Caterpillar Group President with responsibility for Energy & Transportation, to succeed Oberhelman as CEO.

Umpleby, a 35-year veteran of the company, will join the Caterpillar Board of Directors and become CEO effective 1 January 2017. He joined Solar Turbines in San Diego, California in 1980. Solar, a wholly owned subsidiary of Caterpillar, is a manufacturer of industrial gas turbine systems. Early in his career, he held numerous positions of increasing responsibility in engineering, manufacturing, sales, marketing and customer services. Umpleby lived in Asia from 1984 to 1990 with assignments in Singapore and Kuala Lumpur, Malaysia. The Caterpillar Board of Directors elected Umpleby a Caterpillar Vice President and President of Solar Turbines in 2010. He was named Group President and a member of Caterpillar’s Executive Office, effective from January 2013.

Germany: The Supervisory Board of KHD Humboldt Wedag International has appointed Gerold Keune as chief executive officer. He replaces Johan Cnossen who resigned with immediate effect for personal reasons in March 2016.

Jamaica: Chris Dehring has resigned as chairman of Caribbean Cement with immediate effect. He was appointed chairman of Caribbean Cement in October 2014, months after joining the board of its parent company, Trinidad Cement, according to the Jamaica Observer. He has left the cement producer to commit to his next business venture in broadcasting. Previously, Dehring founded the Dehring, Bunting and Golding investment bank, and served as managing director of the 2007 ICC Cricket World Cup, chief marketing executive of the West Indies Cricket Board, manager at Citibank NA and chairman of LIME Caribbean/Cable & Wireless.

India: The board of directors of Wonder Cement, a part of the RK Group, has appointed Sailesh Mohta as President (Marketing). Mohta will report into JC Toshniwal, Managing Director, according to Asian News International. Mohta will oversee strategic business partnerships and develop tactical policies aimed at augmenting the national presence of the brand, identifying potential markets, implementing a conducive growth stratagem and generating a significant share of voice in the marketplace.

Since 2010, Mohta has served as the president of Binani Cement. He holds a bachelor's degree in commerce from the University Of Mumbai and a chartered accountancy degree from the Institute of Chartered Accountants of India. He is also a member of Multi Commodity Exchange of India and National Spot Exchange.

US: Summit Materials has appointed Noel R Ryan III as its new Vice President, Investor Relations. Ryan has more than 15 years’ experience in the investor relations and capital markets industries, most recently serving as Vice President and Head of Investor Relations & External Communications for Calumet Specialty Products Partners, a publicly traded producer of specialty hydrocarbon and fuels products.

Previously, Ryan served as head of the investor relations function at Delek US Holdings and as head of corporate communications at QEP Resources. Prior to these roles, he was Executive Director and Co-Head of the Financial Communications Practice Group at a nationally-ranked investor relations consultancy. Ryan began his career in US equities research at Banc of America Securities. He holds a Bachelors of Arts degree from the University of California, Berkeley.