Fassino

Shurman

Tony Fassino

, group president of construction industries at

Caterpillar

, plans to retire this year.

Fassino, who has been with the company for 30 years, will officially retire May 31.

In a corresponding move, Caterpillar appointed Rod Shurman group president of construction industries, effective Feb. 1. At that time, Fassino will become retired group president for the remainder of the transition.

“Tony’s many contributions to Caterpillar and our customers’ success over his accomplished 30-year career will leave a lasting impact on our organization and everyone he worked with,” says Joe Creed, Caterpillar CEO. “His dedication and leadership will be missed, and we extend our best wishes for his retirement from Caterpillar.”

According to Caterpillar, Fassino’s experience across the company’s global portfolio helped drive the design and introduction of new products, services and technology, as well as the development of go-to-market and distribution strategies. Fassino held a variety of positions worldwide, including senior vice president of building construction products (BCP).

Shurman currently serves as senior vice president of Caterpillar’s BCP division. In the new role, he will be responsible for Caterpillar’s construction industries segment, which includes earthmoving, excavation, BCP, China operation, Cat rental and used, customer solutions core regions and customer solutions growth regions divisions – plus the construction industries supply management group.

“Rod’s deep experience across engineering and operations, combined with a drive to solve our customers’ toughest challenges, prepares him to guide construction industries into its next chapter,” Creed says. “We’re thrilled to see Rod take this role and excited for the future under his leadership.”

Since joining Caterpillar in 1997, Shurman has held positions of increasing responsibility in engineering, service and operations functions. He has served as senior vice president for Caterpillar’s oil and gas, as well as the electrification and energy solutions divisions.

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