Progress Rail, A Caterpillar Company · 16 hours ago
Senior Vice President, Product Management – Locomotive Division
EMD HQ LaGrange, IL - 400
Full-time
Onsite
Director/Executive
$200K/yr - $325K/yr
15+ years expProgress Rail, A Caterpillar Company, is a leading provider of railroad products and technologies. The SVP of Product Management for the Locomotive Division is responsible for owning the strategy, profitability, and growth of the locomotive product portfolio, driving commercial constructs, proposals, pricing governance, and program execution.
Machinery ManufacturingManufacturingRecycling
Responsibilities
Define a 3–5 year product and technology roadmap for locomotives, and modernization, and balanced with regional development
Align portfolio investments with customer demand, regulatory trends (emissions, safety), and competitive benchmarks
Champion sustainability and alternative propulsion (battery-electric, hybrid, hydrogen) initiatives
Deliver annual revenue and margin targets for locomotive products
Expand market share through differentiated offerings and lifecycle value propositions
Drive cost optimization and design-to-value initiatives with engineering and supply chain
Architect deal structures for locomotive sales, leasing, and service bundles
Govern proposal strategy for Class I railroads, short lines, and international bids
Set pricing corridors for locomotives, modernization kits, and aftermarket parts; ensure compliance with antitrust and competitive info policies
Sponsor major locomotive programs
Apply stage-gate rigor and PMO standards to deliver on-time, at-cost, at-quality outcomes
Embed safety and cybersecurity requirements across locomotive control systems and interfaces
Build executive relationships with Class I railroads, regional operators, and OEM partners
Monitor regulatory changes (EPA emissions, FRA safety) and adjust portfolio strategy proactively
Lead a high-performing team of product managers, pricing analysts, and program leaders
Foster a culture of accountability, innovation, and cross-functional collaboration
Qualification
Required
15+ years in Product Management or related leadership roles within Rail or Heavy Equipment
Proven P&L ownership, portfolio strategy execution, and pricing governance
Experience leading complex locomotive or heavy equipment programs
Strong understanding of rail industry standards, emissions regulations, and digital technologies
Preferred
Familiarity with alternative propulsion technologies and digital rail solutions
Exposure to cybersecurity-by-design for control systems
Program management certifications (PMI PgMP, MSP)
Benefits
Competitive Salary
401(k) plan with up to 6% company match (no waiting period with immediate vesting)
Medical/Dental/Vision/Life/Disability Insurance
Supplemental Accident, Critical Care, and Hospital Insurance available along with an HDHP and HSA with seed money
Flexible Spending Accounts
Paid Vacation
Paid Holidays
Paid Time-Off (PTO)
Employee Assistance Plan
Education Assistance Program
Employee Recognition Programs
Site specific Production and Incentive Plans
Site specific Step and Skill Level Wage Adjustment Plans
Site Specific Relocation and Sign-on Bonus Programs
Company
Progress Rail, A Caterpillar Company
Our team creates lifelong customer relationships, supplying comprehensive rolling stock and infrastructure solutions for the global rail industry and setting the standard for excellence.
5001-10000 employees
H1B Sponsorship
Progress Rail, A Caterpillar Company has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (7)
2024 (3)
2023 (2)
2022 (1)
2021 (4)
2020 (4)
Funding
Current Stage
Late StageTotal Funding
unknown2010-06-01Acquired
Leadership Team
Paul Denton
SVP International Sales
Recent News
2025-08-13
2025-06-11
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