Gordon R. Parker retires from Caterpillar board
Caterpillar, Inc. has announced that Gordon R. Parker has retired after 10 years on its board of directors.
"Gordon is a renowned businessman and leader in the global mining industry, and he provided Caterpillar with invaluable guidance during his tenure on our board," said Jim Owens, Caterpillar chairman and CEO.
Parker is the former chairman and CEO of Newmont Mining Corporation, where his career spanned 40 years. He retired from Newmont in 1995, the same year he joined Caterpillar's board. Most recently, Parker served on the audit and public policy committees of the board.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey