PEORIA (dpa-AFX) - Caterpillar Inc. (CAT) said Richard Case, vice president with responsibility for the Marine & Petroleum Power Division, has elected to resign from the company to pursue other opportunities, with effect from May 1, 2012. The board has appointed Tom Frake to replace Case as vice president, Marine & Petroleum Power Division, effective April 1, 2012.
Frake began his career at Caterpillar in 1986, and has held a series of positions with increasing responsibility at Caterpillar locations in North America, Asia and South America. Frake, who is currently based in Singapore, where he is the worldwide product manager for hydraulic excavators, would relocate to Hamburg, Germany, in his new role leading the Marine & Petroleum Power unit.
Frake joined Caterpillar in 1986 in the Marketing Training Program.
Copyright RTT News/dpa-AFX
