ALBERTVILLE, Ala. — Progress Rail CEO Marty Haycraft, senior vice president of Caterpillar Inc., has announced plans to retire at the end of 2022, and will be succeeded by John Newman, the company has announced.
Haycraft joined Progress Rail in 1993 when Corbin Railway Services purchased Progress predecessor Steel Processing Services, rising through the company to become senior vice president in 2011 and executive senior vice president of rolling stock in 2018. He moved into his current role in 2019.
“With such an accomplished career, Marty has much to be proud of and celebrate,” Caterpillar Energy & Transportation Group President Joe Creed said in a press release. “This includes the tremendous strides he and his team have made in support of our locomotive emissions reduction technologies and new offerings to help customers achieve their climate-related objectives. Marty has led his teams with integrity and heart, and his guidance and friendship will be missed.”
Newman joined Caterpillar in 2011 as an attorney with the Legal Services Division, providing support to Progress Rail. He joined the commercial team in 2012 and served as regional director of Sub-Saharan Africa and strategic sales director, then became senior vice president of corporate services in 2015. Most recently, he has served as executive vice president of infrastructure, a role he assumed in January 2018.
“Rail is a rapidly evolving industry, and John’s experience and expertise will serve him well as he leads the team into the future,” Creed said. “I look forward to working with John and his team as we continue to support our customers in the future.”
