Caterpillar, a manufacturer of construction and mining equipment, announced George Moubayed, current senior vice president of the enterprise strategy division, as its chief sustainability and strategy officer, effective Jan. 1.

Moubayed succeeds Chief Sustainability Officer Lou Balmer-Millar, who is retiring Dec. 31. He will report directly to Chairman and Chief Executive Jim Umpleby.

Moubayed has held several leadership positions in more than 25 years with Caterpillar. Prior to his role within the enterprise strategy division, he was vice president and general manager of load and haul products for resource industries and previously served as vice president for aftermarket solutions for the segment.