Morgan Stanley added Caterpillar Inc. Chairman James Owens to its board of directors, the Wall Street bank said on Monday.
The addition of Owens, 64, brings Morgan Stanley’s board to 13 members.
Owens, who joined Caterpillar in 1975, was named chairman and CEO in 2004. Owens stepped down as CEO in June and will continue serve as chairman through October.
Caterpillar manufactures construction and mining equipment and diesel and natural gas engines,
Owens also serves on the boards of Alcoa and IBM. He is also a member of President Obama’s Economic Recovery Advisory Board.
