Donald V. Fites

Donald Vester Fites
Born 1934
Tippecanoe County, Indiana
Residence Peoria, Illinois
Education Valparaiso University 1956
MIT Sloan School of Management 1971
Known for Former Chairman and CEO of Caterpillar, Inc.
Board member of Carnegie Endowment for International Peace[1]
Phi Kappa Psi Foundation

Donald Vester Fites (born 1934) was the Chairman and CEO of Caterpillar, Inc. from 1990 to 1999.[2]

Early life

Don Fites was born in 1934 in Tippecanoe County, Indiana. He attended Valparaiso University, where he joined Phi Kappa Psi.[3] He graduated with a B.S. in Civil Engineering in 1956, and soon after joined Caterpillar.[2]

He attended Valparaiso University 1956[4] He then attended the MIT Sloan School of Management as a Sloan Fellow, and received his MBA in 1971.[5]

Career

He attained the position of Vice President at Caterpillar in 1981, and then Executive Vice President in 1985. 1990 marked Don's elevation to the positions of Chief Executive Officer and Chairman of the Board, which he held until he reached the mandatory retirement age in 1999.

References

  1. ↑ http://www.carnegieendowment.org/about/index.cfm?fa=trustees
  2. 1 2 Jonathan P. Hicks (April 13, 1992). "At Caterpillar's Helm, Calm and a Global View". New York Times.
  3. ↑ Grand Catalogue of the Phi Kappa Psi Fraternity - Twelfth Edition, p.107: Bernard C. Harris Publishing Company, 1985.
  4. ↑ http://www.valpo.edu/alumni/alumniassociation/top150.php
  5. ↑ "Archived copy" (PDF). Archived from the original (PDF) on 2010-06-15. Retrieved 2010-03-27.
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