Caterpillar Announces Leadership Transition in Resource Industries
Key Highlights
- ➤Derrick York appointed Resource Industries group president effective Nov. 1, 2026
- ➤Denise Johnson retires effective Feb. 1, 2027, after advisory transition role
- ➤Resource Industries returned to profitability and achieved its strongest financial performance in more than a decade
- ➤Caterpillar reported 2025 sales and revenues of $67.6 billion
Expert Statements
Joe Creed, Chairman and CEO of Caterpillar
“Denise took on a critical role during one of the mining industry's most challenging times”
Joe Creed, Chairman and CEO of Caterpillar
“Her disciplined leadership restored Resource Industries to profitability and positioned Caterpillar as an industry leader in mining autonomy and technology. We are deeply grateful for all she has done to strengthen our relationships with customers, develop our people and shape the future of our company. Her impact and influence will be remembered long after her retirement.”
Joe Creed, Chairman and CEO of Caterpillar
“Derrick is a highly respected leader who understands our customers, our strategy and the industries we serve”
Joe Creed, Chairman and CEO of Caterpillar
“He is well positioned to lead the team into its next chapter of innovation, growth and customer success.”
Denise Johnson, Group president of Resource Industries at Caterpillar
“The greatest accomplishment of any leader is leaving an organization better positioned for the future. I'm proud of the foundation we've built, the people we've developed and the enduring impact this team will continue to make”
Denise Johnson, Group president of Resource Industries at Caterpillar
“Derrick is the right leader to build on that foundation and move Resource Industries forward.”
Caterpillar Announces Leadership Transition in Resource Industries PR Newswire
IRVING, Texas, Oct. 15, 2026 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today announced Denise Johnson, group president of Resource Industries, has elected to retire effective Feb. 1, 2027. Derrick York, who currently serves as president of Solar Turbines and Caterpillar senior vice president, has been appointed group president of Resource Industries, effective Nov. 1, 2026, at which time Johnson will assume an advisory role to ensure a seamless leadership transition.
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