'We believe it's in the best strategic interest of the company to make this move, which supports Caterpillar's strategy for profitable growth as we help our customers build a better, more sustainable world.'
The company announced it'll move its global headquarters to its existing office in Irving, Texas.
"We believe it's in the best strategic interest of the company to make this move, which supports Caterpillar's strategy for profitable growth as we help our customers build a better, more sustainable world," said Chairman and CEO Jim Umpleby. "Since moving to Deerfield in 2017, Caterpillar has been a good corporate citizen. We have enjoyed our relationship with them and appreciate all they have done for our community.
According to a news release, Caterpillar has had a presence in Texas since the 1960s. Illinois will be the place with the company's largest concentration of Caterpillar employees. The company said it'll start transitioning to Texas later this year. It's unclear how many workers will be affected by the move.and expand its corporate headquarters. Back then, CEO Doug Oberhelman said the construction equipment maker will modernize its riverfront complex to include a three-tower building. The company said it will expand the site to 31 acres and six blocks and add amenities and innovative workspaces to"retain and attract the finest talent in the world.
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