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WIU alumnus Rob Grove, director of treasury operations at Caterpillar Inc., is the Fall 2009 College of Business and Technology Executive in Residence. He will be speaking to students, faculty and staff on Western's Macomb campus on Tuesday, Oct. 13.
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Fall 2009 CBT Executive in Residence: Rob Grove, CAT Treasury Director

October 5, 2009

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MACOMB, IL - - Western Illinois University's College of Business and Technology (CBT) presents its ninth installment of the "Executive in Residence" (EIR) series next week as it hosts WIU alumnus Rob Grove, who serves as the director of treasury operations, Caterpillar, Inc.

Grove will present during two open sessions Tuesday, Oct. 13:

9:30-10:10 a.m. - Derivatives Policy and Usage, Stipes Hall 121

11-11:30 a.m. - Treasury Operations, Stipes Hall 121

Grove will also address attendees of an invitation-only College of Business and Technology's Executive in Residence Fall 2009 luncheon Oct. 13.

At Caterpillar, Grove is responsible for global banking relationships, internal and external funding, cash management and foreign exchange/commodity hedging for the corporation's machine and engine business. He also provides leadership to Caterpillar's regional treasury centers (located in Geneva, Switzerland, and Singapore). The primary responsibilities of Grove's position include: to maintain enterprise financial strength; ensure appropriate levels of enterprise funding; optimize the use of available cash; and manage the risks associated with foreign currency and commodity price movements.

Grove joined Caterpillar as a finance analyst in 1981. He earned his bachelor's of business and a master's degree in business administration from Western Illinois University. Grove's diverse career assignments include responsibilities focused on core treasury operations and financial marketing. Prior to his current position, he served as the distribution services director for Caterpillar's Asia Pacific division; as the finance director for Caterpillar Asia; and as Caterpillar's Six Sigma deployment champion for Caterpillar's Asia Pacific marketing. Other assignments include finance manager for Caterpillar's North American commercial division's eastern and Canadian regions; treasurer of Caterpillar Brazil in Piracicaba; and business manager for Caterpillar Industrial Products.

Grove is also a former finance director for New Life Christian Church in Morton (IL) and is a current board member (vice president) for Peoria Friendship House of Christian Service.

"The EIR program is an amazing opportunity for all of our students to interact with high-level executives in a casual environment. I'm certain the information Rob shares with the students will leave a lasting impression as they advance into their own careers," said CBT Dean Tom Erekson.

For more information about CBT's EIR program, contact Becky Paulsen, CBT director of development, at (309) 298-2442 or

Posted By: Teresa Koltzenburg (
Office of University Communications & Marketing