Mr. Richard P. Lavin is no longer Group President Construction Industries and Growth Markets of Caterpillar Inc. effective January 1, 2013. He joined Caterpillar in 1984 as an attorney in what is now the Law and Public Policy Division. He was appointed to Caterpillar executive office in 2007 and moved to Hong Kong, where he was the first Caterpillar executive officer to reside and work in Asia. Lavin work in this role has had a impact on enhancing the company brand and reputation in this region. Before becoming a group president, he was vice president of manufacturing operations for the Asia Pacific Division, serving as chairman of Shin Caterpillar Mitsubishi Ltd. now Caterpillar Japan Ltd. and chairman of Caterpillar Investment Co., Ltd. Previously, he was product manager in the TrackType Tractors Division, director of corporate human relations and director of compensation and benefits. Lavin has a bachelor degree from Western Illinois University and law degrees from Creighton University and Georgetown University. He also completed a Brookings Institute management program and a Carnegie Mellon executive development program. In November 2009, he was appointed to the board of directors of USG Corporationrationration, a building products company. He is also a member of the board of directors of the U.S. China Business Council, U.S. India Business Council and the U.S. Korea Business Council. He is a member of The Conference Board and The Chicago Council of Global Affairs. He serves on the International Advisory Council of Guanghua School of Management at Peking University and the Board of Trustees at Bradley University. In 2010, he was appointed to serve on the AsiaPacific Economic Cooperation Business Advisory Council, which provides private sector input to the leaders of 21 economies comprising the APEC.
Group President of Construction Industries and Growth Markets
Age: 58 President Since 2007
The company has Return on Asset of 5.47 % which means that on every $100 spent on asset it made $5.47 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 29.55 % implying that it generated $29.55 on every 100 dollars invested.
The company has 40.5 B in debt with debt to equity (D/E) ratio of 2.21 meaning that the company heavily relies on borrowing funds for operations. Caterpillar Inc has Current Ratio of 1.43 which is typical for the industry and considered as normal.
Entity SummaryCaterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and dieselelectric locomotives worldwide. Caterpillar Inc [CAT] is traded on New York Stock Exchange in USA. It is located in Peoria, IL and employs 124,874 people. Filter other
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Caterpillar Inc has less than 47.0 (%) percent chance of experiencing financial distress in the next 2 years of operations.
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