Caterpillar's VP for mining has announced his resignation.
Chris Curfman, vice president with responsibility for the Mining Sales & Support Division has announced that he will be retiring effective December 31, 2015.
"Chris leaves a lasting, customer-focused legacy at Caterpillar that is unrivalled and likely to be unmatched," Ed Rapp, Caterpillar group president with responsibility for Resource Industries,said.
"While Chris is primarily known for his role in leading our mining business, he also laid the foundation for our entry into rental services and integrated our sales and marketing organisation during his time in Asia. With his retirement from Caterpillar, it will mark the end of a remarkable run of more than 60 years of values-based Curfman leadership at the company,” Rapp added.
"Chris built incredibly close customer relationships and has been critical to our success in the mining industry. Under Chris' leadership we have established a global leadership position."
Curfman’s retirement come at time of restructure for Caterpillar, as the mining machinery manufacturer announces plans to potentially reduce its workforce by up to 10,000 workers by 2018.
The company has been gradually reducing its workforce and footprint since 2012, has shut or consolidated more than 20 facilities, reducing its workforce by more than 31,000.
Caterpillar has been struggling with a decline in the number of sales and revenue, and if it records another negative year it will mark four years of consecutive decline which has never happened before in the company’s 90 year history.