Caterpillar Senior VP Expands to Chief Sustainability Officer Role
January 4, 2023 by Joe Panettieri
Caterpillar Senior VP Lou Balmer-Millar (pictured above) will take on the responsibility of chief sustainability officer (CSO), succeeding Julie Lagacy -- who is set to retire on February 1, 2023. Balmer-Millar will report directly to Caterpillar Chairman and CEO Jim Umpleby.
In her existing senior VP role, Balmer-Millar already oversees the company's Large Power Systems Division -- which involves large diesel and natural gas engines, engine components and powertrains.
Caterpillar is based in Irving, Texas, United States. The company, founded in 1925, has 107,700 employees as of December 2022. Caterpillar manufactures construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Annual revenues were $51 billion in 2021.
In a prepared statement about the CSO post, Caterpillar CEO Jim Umpleby: "Sustainability is an important focus area of our long-term strategy for profitable growth. Building on her role in Caterpillar's Energy & Transportation segment, this move further enhances the advancement of product solutions to support our customers during the energy transition and help them achieve their climate-related objectives by geography, by application and by specific customer need. We remain committed to helping our customers build a better, more sustainable world."