Caterpillar announces group president of Construction Industries transition

Caterpillar Inc., headquartered in Irving, Texas, has announced that Tony Fassino, group president of Construction Industries, has elected to retire, effective May 31, 2026.

Rod Shurman, who serves as senior vice president of Caterpillar Building Construction Products (BCP), has been appointed group president of Construction Industries, effective Feb. 1, 2026, at which time Fassino will become group president, retired, for the remainder of the leadership transition.

“Tony’s many contributions to Caterpillar and our customers’ success over his accomplished 30-year career will leave a lasting impact on our organization and everyone he worked with,” Caterpillar CEO Joe Creed says. “His dedication and leadership will be missed, and we extend our best wishes for his retirement from Caterpillar.”

According to Caterpillar, Fassino has held a variety of positions worldwide, including his appointment to senior vice president of BCP in 2018 and group president of Construction Industries in 2021.

Fassino also has held numerous external leadership roles with the Association of Equipment Manufacturers, the Associated Equipment Distributors Foundation, the United Way of the Greater Triangle, the FFA Foundation and is currently the 2025–2026 chair of the American Road & Transportation Builders Association.

Shurman currently serves as senior vice president of Caterpillar’s BCP division, where he provides global leadership of the compact, versatile construction machines and attachments business.

Since joining Caterpillar in 1997, Shurman has held positions in engineering, service and operations functions. He has served as senior vice president for Caterpillar’s Oil & Gas and Electrification & Energy Solutions divisions. Shurman also has a bachelor’s degree in mechanical engineering from Purdue University.

In his new role, he will be responsible for Caterpillar’s Construction Industries segment, which includes Earthmoving, Excavation, BCP, China Operation, Cat Rental & Used, Customer Solutions Core Regions and Customer Solutions Growth Regions divisions, as well as the Construction Industries Supply Management group.

“Rod’s deep experience across engineering and operations, combined with a drive to solve our customers’ toughest challenges, prepares him to guide Construction Industries into its next chapter,” Creed says. “We’re thrilled to see Rod take this role and excited for the future under his leadership.”