Caterpillar to move global headquarters to Chicago area

Fri Apr 21 2017, 08:51 AM

Caterpillar says it plans to move its global headquarters from Peoria, Illinois to Deerfield, Illinois, just north of Chicago

Caterpillar said that it plans to move its global headquarters from Peoria, Illinois to Deerfield, Illinois, just north of Chicago. The company announced in January that it had scuttled plans to build a new campus in downtown Peoria and instead decided to relocate top executives, board officers and some support staff to the Chicago area.

“We chose this location because of its proximity to O’Hare airport and convenient to the city of Chicago via commuter train, achieving our goal to be more accessible to our global customers, dealers and employees,” said Caterpillar CEO Jim Umpleby in a statement. “This site gives our employees many options to live in either an urban or suburban environment. We know we have to compete for the best talent to grow our company, and this location will appeal to our diverse, global team, today and in the future.”

Caterpillar said that about two-thirds of its business is international. It has been located in Peoria for more than a century. The move is scheduled to take place later this year.