Caterpillar has announced that Jean Savage, currently Vice President of the Surface Mining & Technology Division, has elected to retire from the company.
Trinity Industries, a provider of railcar products and services in North America, had earlier announced that Savage, a member of the Board of Directors, would be appointed CEO and President, effective February 17. She is to retire from Cat, effective February 14.
Savage joined Caterpillar in 2002 and held numerous leadership roles in Caterpillar’s Progress Rail division, before being named VP of the Advanced Components and Systems division in 2014. Savage went on to lead the Innovation and Technology division before being named VP of the Surface Mining and Technology division in 2017.
Prior to joining Cat, Savage worked for 14 years at Parker Hannifin, a leader in motion and control technologies and systems, where she held a variety of manufacturing and engineering positions. In addition, Savage served nine years in the Army Reserves as a military intelligence officer.
Denise Johnson, Resource Industries Group President, said: “We thank Jean for her 17 years of service to Caterpillar. Jean has been instrumental in delivering Caterpillar mining products and services that are focused on accelerating customer benefits in safety and productivity. We appreciate all of her contributions and wish her well in her new role at Trinity Industries.”
Cat said a replacement for Savage will be named at a later date.