Caterpillar Inc. (NYSE: CAT) last week appointed Frank Crespo as a vice president of the company. He will serve as Caterpillar's chief procurement officer with responsibility for the Global Purchasing Division. He will join the company on Aug. 16, and will report to group president Steve Wunning, who has responsibility for resource industries.
Crespo is currently vice president and chief procurement officer for Honeywell International, a $31 billion company located in Morristown, N.J.
"We are fortunate to bring Frank on board with Caterpillar, and I know he will build on his proven track record of leadership, supply chain management and low cost country sourcing that will bring Caterpillar's supply chain performance to the next level," said Wunning. "He brings an extensive record of driving successful supplier collaboration, which is one of the nine key operating principles embedded in Caterpillar's enterprise strategy."
Prior to joining Honeywell, Crespo was the director of global category management at Electronic Data Systems in Plano, Texas, where he was responsible for creating a global commodity management structure across each business unit.
Caterpillar Inc. is based in Peoria, Ill.