Caterpillar Announces Retirement of Resource Industries Head Denise Johnson; Derrick York Named Successor

Key Facts

1Caterpillar announced that Denise Johnson, group president of Resource Industries, will retire effective Feb. 1, 2027.

2Derrick York has been appointed group president of Resource Industries, effective Nov. 1, 2026.

Caterpillar announced that Denise Johnson, group president of Resource Industries, will retire effective Feb. 1, 2027. According to a company statement via PR Newswire, Derrick York has been appointed as her successor and will assume the role of group president on Nov. 1, 2026.

The leadership transition occurs as CAT stock closed at $748.98 on October 14, 2026. York currently serves as the president of Solar Turbines, and Johnson is expected to move into an advisory role to facilitate a seamless handover within the Resource Industries segment.