Caterpillar Relocating HQ To Chicago

By Nick Gale, WLS-AM 890 News

(CHICAGO) Caterpillar announced Tuesday that it will relocate it’s global headquarters from Peoria to the Chicago area.

While senior executives and support functions will move to the Chicago area later this year, the company says manufacturing will remain in Peoria and Central Illinois.

The Caterpillar CEO says in a statement that, “locating our headquarters closer to a global transportation hub, such as Chicago, means we can meet with our global customers, dealers and employees more easily and frequently.”

A limited number of senior executives will move into leased office space beginning in 2017. Once the new location is fully operational, Caterpillar expects about 300 employees to be based there, which includes some positions relocated from the Peoria area.