Steve Ferguson has been appointed president of Perkins Engines Company, replacing Ramin Younessi, who had been Perkins President since 2013 and is now promoted to group president of parent company Caterpillar’s Energy & Transportation’s segment.
Perkins is based in Peterborough, UK, and has manufacturing facilities in the US, South America, India and China. It has distributors and dealers around the globe.
In addition to his role as Perkins’ president, Ferguson will lead the Caterpillar Industrial Power Systems Division (IPSD), which consists of design, development and sales of all engines of 18 litres and below, retail generators and Caterpillar Defense – spanning the three brands of Cat, Perkins and genset firm FG Wilson.
Most recently, Ferguson has been general manager of Caterpillar’s Advanced Component Manufacturing business, overseeing operations at 15 global facilities. He began his career with Caterpillar as an accountant in 1990 and held positions in both machine and engine divisions including roles in pricing, business planning, financial analysis, and business resource segments.
He will report to Younessi, who said, “Steve has been delivering great results by driving lean and flexible cost-competitive component manufacturing operations at Caterpillar facilities around the world.
“Combined with his business and finance background, focus on safety and quality, and ability to connect with customers, Steve will provide exemplary leadership for this exciting and diverse group.”
Younessi joined Caterpillar in 2013 to lead IPSD, bringing more than 25 years of outside senior leadership experience. Previous executive responsibility included product development, quality, purchasing and product planning with Navistar, as well as product development and planning for Daimler AG’s commercial vehicle division.
In his new role as a Caterpillar group president, he will lead Caterpillar’s Energy & Transportation group that includes Marine & Petroleum Power, Progress Rail Services, Electric Power, Solar Turbines, Industrial Power Systems and Large Power Systems.