Update: Here is a Journal Sentinel story, four days late.
Apparently, Tim Sullivan will not be sticking around Bucyrus International once the company is formally acquired by Catperillar Inc.
Check out the story from BizTimes.com here. From it:
In January, Bucyrus announced that it will be acquired by Peoria, Ill.-based Caterpillar Inc. When the acquisition was announced, there was speculation that Sullivan may stay with Caterpillar in some capacity.
But today Sullivan said that he and Craig Mackus, chief financial officer and secretary of the company, would not be staying with Bucyrus once its acquisition by Caterpillar is complete.
“We’re done at closing,” Sullivan said. “I think that’s for certain.”
This is concerning to me, given Sullivan’s close ties to the community and area charity efforts. Losing him in a public role with the company is a blow to South Milwaukee and the region.
I am anxious to see who the “new face of Bucyrus” will be once the deal is done, if there even is one. Indeed, how active will Bucyrus be in the city with new corporate ownership? That remains to be seen.
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