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On January 31, 2017, after more than 90 years of being headquartered in , the company announced plans to move their headquarters from

Peoria to by the end of 2017. The upper echelon of executives, including newly

installed CEO Jim Umpleby, would begin relocating later that year, with up to 100

employees total moving by year’s end. About 300 employees will work in the new

office at an as-yet undecided location once the transition is complete. The company indefinitely

suspended planning for the new Peoria headquarters in the fall of 2015 after announcing a restructuring effort that called for up to 10,000

jobs to be cut and about 20 facilities around the world to be closed or consolidated.

The changes contributed to $2.3 billion in savings in 2016, but sales and revenue for

last year still were more than 40 percent below peak levels of 2012.

Umpleby said that decline is a fundamental reason the company’s board of

directors opted to move global headquarters to an area where the global marketplace is in easier reach