Caterpillar, partner to Zeppelin GmbH for many years, is relocating its headquarters from Peoria, Illinois, to the Chicago area
Caterpillar has announced that it is relocating its headquarters from Peoria, Illinois, to the Chicago area. A number of senior managers and employees from administrative units will be the first to move into the new headquarters from the start of 2017. Following completion, up to 300 employees will be based in Chicago, while the largest Caterpillar site worldwide will remain in Peoria.
Caterpillar justified moving the headquarters by stressing the benefits of the site. The headquarters in Chicago will allow easier accessibility for customers and dealers, and support the Caterpillar’s global business activities. The new site is also more attractive to highly-qualified employees.
"As a commercial enterprise, we fully understand the business decision made by our partner Caterpillar, as location is a crucial factor for success for many companies", said Peter Gerstmann, Chairman of the Management Board of Zeppelin GmbH.
The old headquarters will continue to be vitally important, as Caterpillar still plans to base most of their employees in Peoria in future. "As mayor, I of course never want jobs to be moved out of our city. Having said that, the majority of Caterpillar employees who live in the Peoria area with their families will not be affected by this decision. I’m delighted that Caterpillar will continue to call Peoria its home town", said Jim Ardis, mayor of Peoria.
The area around Peoria should continue to benefit greatly from Caterpillar’s support.