Caterpillar Inc.

Graham Christie (left), COO, ACTA; and Jason Kaiser (right), Group President of E&T, Caterpillar.
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People News: ACTA, Caterpillar

The Alameda Corridor Transportation Authority (ACTA) appoints Graham Christie as Chief Operating Officer (COO). Also, Caterpillar Inc. appoints Jason Kaiser as Group President of the company’s Energy & Transportation (E&T) segment.

From Left to Right: George Moubayad, Chief Sustainability and Strategy Officer, Caterpillar; Patrick Watz, Midwest District Transportation Leader, WSP; Matthew Lunemann, Vice President and Engineering Director, Tunneling and Geotechnical Group, STV; and Angel Peña, Vice President for Rail and Transit, Texas/Mountain Region, STV.
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People News: Caterpillar, WSP, STV

Caterpillar, Inc. names George Moubayad as its new Chief Sustainability and Strategy Officer. Also, WSP promotes Patrick Watz to Midwest District Transportation Leader; and STV appoints Angel Peña as Vice President for Rail and Transit in the firm’s Texas/Mountain Region and welcomes Matthew Lunemann as Vice President and Engineering Director in its Tunneling and Geotechnical Practice.

Shutterstock/Manop Boonpeng
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Railway Age Announces 2023 Women in Rail Honorees

Railway Age’s 2023 Women in Rail awards program recognizes 23 women who not only excel at leadership but also serve the community and drive industry change, paving the way for the next generation of railroaders.

Matt Elkott

Cowen: Who Will Win the Locomotive Race?

Cowen and Company examines whether Caterpillar, Inc. could explore strategic alternatives for its transportation business, or at least the rail piece. An enterprise value-to-revenue multiple of 2.5x-2.75x may not be unreasonable, putting the transportation business value at approximately $12 billion.

John Henry (left), Sound Transit; Lou Balmer-Millar, Caterpillar Inc.
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People News: Sound Transit, Caterpillar

John Henry is joining Seattle’s Sound Transit as Chief Financial Officer (CFO). Also, at Caterpillar Inc., Lou Balmer-Millar is assuming the Chief Sustainability Officer position in addition to her current role as Senior Vice President of the Large Power Systems Division within the Energy and Transportation segment.

John Newman (right) will succeed Marty Haycraft (left) as SVP of Caterpillar and President and CEO of Progress Rail when Haycraft retires at the end of the year.
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Caterpillar’s Haycraft to Retire

Caterpillar Inc. announced on Oct. 24 that Marty Haycraft, Caterpillar Senior Vice President and President and CEO of Progress Rail, a Caterpillar Company, will retire at the end of 2022 after 32 years of service. He will be succeeded by John Newman.

Pictured: Canadian Pacific’s locomotive 9023 “helped celebrate Electro-Motive’s centennial,” CP tweeted on Aug. 21. “The second-to-last-built in the popular SD40-2 line appeared at an EMD employee event at @IlRailwayMuseum. Congrats to EMD, and thanks for helping us move the freight North Americans depend on!” (Photograph Courtesy of CP, via Twitter)
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Supply Side: Progress Rail, PTSI Transportation

Progress Rail, a Caterpillar Inc. company, celebrates EMD®’s 100th anniversary at the Illinois Railway Museum. Also, railroad, rail transit and bus consultancy PTSI Transportation turns 50.