Caterpillar Foundation Names New President

DEERFIELD, Ill., March 7, 2019 /3BL Media/ — The Caterpillar Foundation, the philanthropic organization of Caterpillar Inc. (NYSE: CAT), today announced Asha Varghese as its new president.

Varghese brings more than 15 years of experience at General Electric (GE) to her new role, most recently leading GE’s Foundation as director of global portfolio. In that role, she set the global strategy for the GE Foundation with an emphasis on improving access to quality healthcare for underserved communities in the developing world.

“We are proud of our nearly 70-year history of supporting the global communities where we live and work,” said Kathryn Karol, Caterpillar’s vice president of Global Government & Corporate Affairs and Foundation board chair. “We are pleased to welcome Asha, and with her passion and expertise in philanthropic investing, we look forward to her leading us through this exciting new chapter as we continue to help build a better world."

Varghese also led the U.S. healthcare portfolio for the GE Foundation and held positions in information systems, Six Sigma, and strategic planning for business processes in the company. She is a board member of the Covenant House Chicago and a certified Lean Six Sigma black belt. She holds an MBA from Northwestern University’s Kellogg School of Management and a bachelor’s degree in computer engineering and computer science from the University of Louisville. Varghese is also a graduate of the 2018 Presidential Leadership Scholar program. When she begins her new role on March 20, 2019, Varghese will be based at Caterpillar’s global headquarters in Deerfield, Illinois.

About Caterpillar

For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2018 sales and revenues of $54.722 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three primary segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.

About Caterpillar Foundation
Founded in 1952, Caterpillar's philanthropic organization, the Caterpillar Foundation, has contributed more than $740 million to help make sustainable progress possible around the world by providing program support in the areas of basic needs, education and environmental sustainability. To learn more about the global impact of the Caterpillar Foundation, visit www.togetherstronger.com. To connect with us on social media, visit caterpillar.com/social-media.