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Jim Umpleby Net Worth

Jim Umpleby net worth

What is Jim Umpleby net worth ?

Jim Umpleby net worth: D. James Umpleby III is an American businessman. He became the CEO of Caterpillar Inc.

Umpleby was raised in Highland, Indiana and attended the Rose-Hulman Institute of Technology. He graduated with a Bachelor of Science in Mechanical Engineering in 1980.

Career

After graduating from Rose-Hulman, Umpleby joined Solar Turbines, Inc. in San Diego, California shortly thereafter. Solar Turbines, a wholly owned Caterpillar subsidiary, is one of the world’s leading manufacturers of industrial gas turbine systems.

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Over the course of his career at Caterpillar, Umpleby has held leadership positions in a variety of functions across the world. Umpleby became a Caterpillar vice president and president of Solar Turbines in 2010. Immediately prior to becoming CEO in 2017, Umpleby was group president of Caterpillar’s energy and transportation business segment.

 On December 12, 2018 the Caterpillar board of directors elected Umpleby to be chairman of the board, effective immediately, in addition to his CEO role.

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Umpleby was elected to the board of directors of the Chevron Corporation effective March 1, 2018.

Jim Umpleby net worth

Jim Umpleby net worth is $40 million. As Chairman and CEO, Jim leads a team of 97,300 employees in 63 countries. He launched the company’s strategy for profitable growth and is overseeing its successful execution.

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The strategy’s main components are operational excellence, expanded offerings and services, which build on what Caterpillar has done since its founding in 1925—drive positive change on every continent. 

With 2020 revenues of nearly $42 billion, the Deerfield, Illinois-based company is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Whether building the world’s infrastructure, mining essential commodities or extracting the fuels to satisfy global energy demand, customers use Caterpillar solutions to help build a better world.

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