Solar Turbines has new president

Derrick York has been named president of Solar Turbines, a wholly-owned subsidiary of Caterpillar, and senior vice president of Caterpillar, Inc.

Solar Turbines is a global leader in the design, manufacture and service of gas turbine systems and compressors for the oil and gas and power generation industries. York replaces Tom Pellette, who was named president of Solar Turbines in 2019.

Prior to this role, York served as general manager of Caterpillar Marine, leading the Cat brand marine business through a strategy change, re-alignment to the corporate strategy, and an execution plan that brings Caterpillar closer to marine customers. He gained broad Caterpillar exposure across various business units as group chief financial officer within the Services, Distribution and Digital segment. In addition, he was the director of corporate development, leading the Caterpillar mergers & acquisitions and corporate strategy team. Before joining Caterpillar in 2010, York held progressive commercial and service-related leadership roles in private equity, investment banking, and public accounting at Macquarie Capital’s Principal Transactions Group, Giuliani Capital Advisors, and KPMG. In 2022, the Caterpillar board of directors appointed York senior vice president of Caterpillar Oil, Gas & Marine division.

York has a bachelor’s degree in finance from the University of Illinois at Urbana-Champaign and a master’s in business administration from Northwestern University - Kellogg School of Management.