Caterpillar, the $60 billion manufacturer of construction and mining equipment, appointed Brad Halverson CFO and group president of corporate services. He succeeds Ed Rapp, who will become Caterpillar’s group president of construction industries. Halverson, 52, pictured at right, most recently served as vice president with responsibility for Caterpillar’s finance services division. He was appointed corporate controller in 2004 and business resource manager for Caterpillar’s engine division in 1998. Earlier, he was a strategy and planning consultant in Switzerland for Caterpillar Overseas and served as controller in Europe. Halverson joined Caterpillar in 1988 as an accountant after starting his career at PricewaterhouseCoopers.
Zurich North America, the $4.3 billion insurance provider, named Dalynn Hoch CFO. She replaces Vibhu Sharma, who has been appointed group controller at Zurich’s headquarters in Switzerland. Hoch has been on an international assignment involving finance transformation projects worldwide since 2011. Earlier, she headed the finance planning and performance management team for the North American Commercial unit and also served as a member of the Zurich North America finance leadership team. Hoch joined Zurich in 2009 after serving as a partner at KPMG for 15 years.