Douglas R. Oberhelman (born February 25, 1953) is an American businessman. He is the former CEO and Executive Chairman of
Caterpillar Inc.
Caterpillar Inc. (stock symbol CAT) is an American ''Fortune'' 500 corporation and the world's largest construction-equipment manufacturer.
In 2018, Caterpillar was ranked number 65 on the ''Fortune'' 500 list and number 238 on the Global ''Fo ...
in
Peoria, Illinois
Peoria ( ) is the county seat of Peoria County, Illinois, United States, and the largest city on the Illinois River. As of the United States Census, 2020, 2020 census, the city had a population of 113,150. It is the principal city of the Peoria ...
.
Biography
Early life and education
Oberhelman was raised in
Woodstock, Illinois
Woodstock is a city in (and the county seat of) McHenry County, Illinois, McHenry County, Illinois, United States. It is located 45 miles northwest of Chicago, making it one of the city's outer-most suburbs. Per the 2020 United States Census, 2020 ...
, where his father was a
John Deere
Deere & Company, doing business as John Deere (), is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, ...
salesman. His family originates from
Westphalia
Westphalia (; german: Westfalen ; nds, Westfalen ) is a region of northwestern Germany and one of the three historic parts of the state of North Rhine-Westphalia. It has an area of and 7.9 million inhabitants.
The territory of the regio ...
,
Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...
. Oberhelman attended
Millikin University
Millikin University is a private university in Decatur, Illinois. It was founded in 1901 by prominent Decatur businessman James Millikin and is affiliated with the Presbyterian Church (USA).
Media
Decaturian
The ''Decaturian'', also known as ...
, where he was a member of
Sigma Alpha Epsilon
Sigma Alpha Epsilon (), commonly known as SAE, is a North American Greek-letter social college fraternity. It was founded at the University of Alabama on March 9, 1856. Of all existing national social fraternities today, Sigma Alpha Epsilon is t ...
. He graduated with a
Bachelor of Arts
Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four years ...
in
Finance
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...
in 1975.
Career
Oberhelman joined Caterpillar shortly after his college graduation in 1975. He became a Caterpillar Vice President in 1995, serving as
Chief Financial Officer
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...
from 1995 to 1998. He succeeded
Jim Owens
James Donald Owens (March 6, 1927 – June 6, 2009) was an American football player and coach. He was the head coach at the University of Washington from 1957 to 1974, compiling a record of in 18 seasons.
Owens played college football at the U ...
as
CEO
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
on July 1, 2010 and as Executive
Chairman of the Board
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...
on November 1, 2010. Oberhelman retired from Caterpillar in 2017.
He sat on the board of
Ameren
Ameren Corporation is an American power company created December 31, 1997, by the merger of St. Louis, Missouri's Union Electric Company (formerly NYSE: UEP) and the neighboring Central Illinois Public Service Company (CIPSCO Inc. holding, form ...
until April 27, 2010. He served as Vice Chairman of the Executive Committee of
Yahoo!
Yahoo! (, styled yahoo''!'' in its logo) is an American web services provider. It is headquartered in Sunnyvale, California and operated by the namesake company Yahoo Inc., which is 90% owned by investment funds managed by Apollo Global Man ...
'', October 19, 2012
In September 2009, he was elected to the Board of Directors of
World Resources Institute
The World Resources Institute (WRI) is a global research non-profit organization established in 1982 with funding from the MacArthur Foundation under the leadership of James Gustave Speth. WRI's activities are focused on seven areas: food, fore ...
.
Personal life
His wife, Diane Oberhelman, is chairwoman of Cullinan Properties Ltd.
In 2011 Oberhelman earned an income (including options, bonus etc.) of $16.9 million, a sixty percent increase from his earnings the previous year.