Caterpillar Announces Leadership Transition in Resource Industries Segment

Executive Summary

On October 15, 2026, Caterpillar Inc. filed a Current Report on Form 8-K disclosing key leadership changes within its Resource Industries segment:

1. Denise C. Johnson, Group President of Resource Industries, will transition from her role effective November 1, 2026, and will subsequently serve in an advisory capacity until her planned retirement on February 1, 2027.
2. Derrick York, current President of Caterpillar's Solar Turbines subsidiary and Senior Vice President of the Company, was appointed by the Board of Directors on October 14, 2026, to succeed Ms. Johnson as Group President of Resource Industries, effective November 1, 2026.

Background & Context

• Denise C. Johnson joined Caterpillar in 2011 and has led the Resource Industries segment since 2016, overseeing mining autonomy advancements and segment profitability through industry cycles.
• Derrick York brings 16 years of tenure at Caterpillar, having previously served as Senior Vice President of the Oil & Gas and Marine division and holding key corporate finance and development positions prior to leading Solar Turbines since 2023.

Market Impact & Significance

This filing does not report open-market transactions or changes in equity holdings, resulting in a Low trading significance classification. The transition appears planned and orderly, accompanied by an interim advisory period to ensure continuity.