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Home arrow News arrow Business News arrow Caterpillar Inc. Group President Appointed to USIBC Board of Directors
Caterpillar Inc. Group President Appointed to USIBC Board of Directors Print E-mail
Written by Vijay   
Friday, 11 April 2008
Washington, DC — The U.S.-India Business Council (USIBC) has announced the appointment of Caterpillar Inc. Group President, Richard P. Lavin, to its Board of Directors.

The USIBC is the premier business advocacy organization representing 250 of the largest U.S. companies investing in India, joined by two dozen of India's largest global companies.

The organization’s mandate is to strengthen U.S.-India commercial ties. Caterpillar has been a longtime corporate member of the U.S.-India Business Council and continues to be a strong supporter of strategic ties between the U.S. and India.

“Rich’s appointment is an important and welcome addition to the USIBC board," said U.S.-India Business Council Chairman, Indra Nooyi. “Rich brings deep international experience and strong business acumen. Throughout his career, Rich has held a number of key positions within Caterpillar especially in the corporation’s Asia Pacific region.” “I am honored to accept this appointment on behalf of Caterpillar,” said Lavin. “We are executing an integrated enterprise strategy in India, which includes a strong focus on both growth and productivity. Our membership with USIBC is one of many elements which help facilitate that strategy.”

Lavin was appointed Group President in December 2007. Previously, he served as vice president of manufacturing operations for the Asia Pacific Division, serving as Chairman of Shin Caterpillar Mitsubishi Ltd. and Chairman of Caterpillar (China) Investment Co., Ltd. He had administrative responsibility for manufacturing operations in the region, including facilities in China, India and Indonesia. He joined the company in 1984 as an attorney in what is now the Legal Services Division; served in numerous positions in the company's Asian and Latin American operations and was a product manager in Track- Type Tractors. Rich has a bachelor's degree from Western Illinois University and law degrees from Creighton University and Georgetown University. He also completed a Brookings Institute program.

Caterpillar has been selling products into India since the 1930s and began manufacturing there in the early 1970s. Today Cat has more than a dozen locations in the country, ranging from marketing, engineering and logistics centers to manufacturing facilities producing engines, off-highway trucks and various models of earthmoving equipment. Combined with its dealer network, Cat currently has nearly 4,500 employees in India, a number that will certainly grow in the coming months and years.

For more than 80 years, Caterpillar has been making progress possible and driving positive and sustainable change on every continent. With 2007 sales and revenues of $44.958 billion, Cat is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services.

The U.S.-India Business Council (USIBC), formed in 1975 at the request of the Government of India and the U.S. Government to advance commercial ties between the world’s two largest free-market democracies, is hosted under the aegis of the U.S. Chamber of Commerce. The U.S. Chamber of Commerce is the world’s largest business federation representing more than 3 million businesses and organizations of every size, sector and region. The U.S.-India Business Council celebrates its 33rd Anniversary at the U.S. Chamber of Commerce on June 12, 2008 in Washington, D.C.

 
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