US EditionCaterpillar Announces Leadership Transition in Construction Industries
Rod Shurman will lead Caterpillar’s Construction Industries segment starting Feb. 1, 2026, as Tony Fassino retires after 30 years with the company, CEO Joe Creed said.
- On Jan. 14, 2026, Caterpillar Inc. announced Rod Shurman will assume Group President of Construction Industries on Feb. 1, while Tony Fassino elected to retire May 31, 2026.
- After a long career, Caterpillar highlighted Fassino's contributions driving new products, go-to-market strategies, operational excellence, and his leadership roles with industry groups.
- Shurman, a long-tenured Caterpillar executive, joined in 1997 and led the Building Construction Products division and compact machines and attachments business globally.
- He will be responsible for the Construction Industries segment, which includes earthmoving, excavation, BCP, China operation, Cat Rental and used, customer solutions, growth regions, and supply management, underscoring the scale of the business unit given Caterpillar's $64.8 billion in 2024 sales.
- Caterpillar's three-segment structure positions this move within a broader strategy, with Shurman’s experience in Oil & Gas and Electrification divisions relevant to energy trends.
21 Articles
21 Articles
The Norfolk Daily News
Caterpillar Announces Leadership Transition in Construction Industries
IRVING, Texas, Jan. 14, 2026 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) today announced that Tony Fassino, group president of Construction Industries, has elected to retire effective May 31, 2026, following 30 years with the company. Caterpillar veteran Rod Shurman has…
Caterpillar’s Fassino to retire in May
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 Cat…
Caterpillar’s construction group president announces retirement
Tony Fassino, Group President of Caterpillar’s Construction Industries, has announced he will retire following 30 years with the company. Fassino’s retirement is effective May 31, 2026. Caterpillar veteran Rod Shurman has been appointed Group President of Construction Industries effective Feb. 1, … The post Caterpillar’s construction group president announces retirement appeared first on Equipment Journal.
Coverage Details
Bias Distribution
- 89% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
