Retired CAT CEO Named To State Job Creation Board

AP Photo/Seth Perlman

Retired Caterpillar CEO Doug Oberhelman has been added to the board of directors of Intersect Illinois.

Intersect Illinois was formed in 2016 to spur job creation and investment in the state.

Gov. Bruce Rauner announced Friday Oberhelman is among several other current and retired business people named to the venture’s Board of Directors. Others include the chairman and CEO of Archer Daniels Midland, president and CEO of Illinois Tool Works, retired vice chairman of Ernst and Young and president and CEO of BMO Harris Bank.

Rauner also named Mark Peterson from Greater Rochester Enterprise in upstate New York as Intersect Illinois’ new CEO.

Peterson will replace Jim Schultz who announced his intention to step down as CEO in January.

“The appointment of Mark and the tremendous additions to the Board of Directors sends a powerful message to businesses that Illinois is doing things differently and is working to recruit them to our state,” Rauner said. “Mark and the new Board are excited to showcase and market the great economic opportunities in Illinois.”

Rauner says Intersect Illinois has secured 11,000 job commitments in its first year from employers like Amazon, Flex-N-Gate, Rivian Automotive and Vetter Pharmaceuticals.

Rivian Automotive will locate an electric vehicle plant at the former Mitsubishi plant in Normal.

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