“We’re focusing our resources on the key industries that offer the best sales and profit growth potential over the long-term and that fit our strategic profile — in other words, great growth opportunities that fit well with the strengths of Caterpillar,” Oberhelman said.

In 2010, Caterpillar updated the strategy and streamlined the organization to better serve customers, stockholders and employees.

“With the opportunities we see around the world, we have a very bright future,” said Oberhelman. “We also have a strong financial position and a strategy that focuses on helping our customers win. Our employees and leaders are moving at full speed and are ready to go to achieve our 2015 targets.”