Caterpillar continues partnership with Missouri S&T

Posted by
On March 12, 2008

The Caterpillar Foundation is continuing its long history of supporting
Missouri University of Science and Technology by offering a special matching
gift program to Missouri S&T alumni employed by Caterpillar, including
Caterpillar retirees.

The Caterpillar Foundation has made a five-year pledge of $750,000 to
Missouri S&T, and also will match up to $100,000 in employee gifts to the
university through the Caterpillar Matching Gifts program. Funds donated from
the Caterpillar Foundation and Missouri S&T alumni will be used to support
student scholarships, diversity programs, the purchase of engineering
equipment, programs and projects, and the Student Design and Experiential
Learning Center at Missouri S&T.

“Missouri University of Science and Technology is a great school, and I am
delighted that Caterpillar has had such a long-term relationship with the
university,” says Steve Wunning, group president and Executive Office member of
Caterpillar Inc. “I am glad we can support the university, and we hope to build
on the relationship we have enjoyed with Missouri S&T.”

Wunning, a 1973 metallurgical engineering graduate of Missouri S&T,
believes that now is a great time to earn a degree in engineering.

“One of Caterpillar’s challenges is a lack of manufacturing and design
engineers, and that is one of the reasons we are so supportive of Missouri
S&T,” he says. “For prospective engineering careers, the opportunities
today are greater than they have been during the past 30 years.”

Wunning says Caterpillar employs about 300 Missouri S&T alumni, and the
company frequently offers internships to Missouri S&T students.

“Rolla graduates are very good employees at Caterpillar, and a very high
percentage of them are promoted to supervisory and management positions,”
Wunning says. “They are not only outstanding engineers, they make excellent
Caterpillar managers.”

The Caterpillar Foundation, formed in 1952, has distributed almost $200
million to support education, health and human services, and civic, cultural
and environmental causes.

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On March 12, 2008. Posted in News