#United States #Irving #Caterpillar #Andrew Bonfield #Kyle Epley

Caterpillar's Leadership Transition Ahead of New Beginnings

Caterpillar Inc., a renowned leader in heavy machinery, has officially announced the retirement of its Chief Financial Officer (CFO), Andrew Bonfield, effective October 1, 2026. Bonfield, who has been with the company for eight impactful years, played a crucial role in steering Caterpillar towards unprecedented financial success. His successor, Kyle Epley, will step into the CFO role on May 1, 2026, ensuring a seamless transition during this critical period.

A Period of Remarkable Growth

During Bonfield’s tenure at Caterpillar, the company achieved historic financial milestones, including record sales and revenues. Notably, in 2025, Caterpillar reached its highest-ever full-year sales figure of $67.6 billion. Additionally, they reported an astounding quarterly revenue of $19.1 billion in the fourth quarter of 2025. These accomplishments underline Bonfield's effective leadership, focusing on disciplined decision-making and commitment to operational excellence.

Bonfield has been recognized for his financial acumen, named the 2025 CFO of the Year by the CFO Leadership Council and Chief Executive Group. His contributions transformed the global finance organization within Caterpillar into a strategic asset, significantly enhancing its competitive edge.

Transitioning Leadership

Joe Creed, the Chairman and CEO of Caterpillar, expressed profound gratitude for Bonfield’s leadership, stating, "Andrew's leadership has been instrumental to Caterpillar's success. He brought exceptional financial expertise and a commitment to our customers and shareholders." Creed is confident in Epley’s capabilities, having worked with him for nearly three decades within the company. Epley’s experience encompasses several senior finance roles, including division CFO and corporate controller, equipping him with a comprehensive understanding of Caterpillar's diverse operations.

Epley currently serves as the Senior Vice President of Global Finance Services. His responsibilities include overseeing the enterprise’s finance operations, strategy, and treasury management. Creed remarked on Epley’s adept understanding of the company’s strategies and mission, emphasizing that he is well-prepared to lead the finance organization into the future.

Optimism for the Future

Bonfield has expressed his full support for Epley as the company embarks on this new chapter. He stated, "Kyle is the right leader for this next chapter. He brings the experience, judgment, and customer-focused mindset needed to help Caterpillar continue to deliver profitable growth and create long-term value." Bonfield will provide advisory support until his retirement, facilitating a smooth leadership transition.

As Caterpillar prepares for this significant change in its financial leadership, stakeholders can anticipate the continued emphasis on growth and innovation. With a steadfast commitment to solving customer challenges, and the foundational work laid by Bonfield, the company is poised for future success under Epley’s direction.

About Caterpillar

Caterpillar Inc. has been a staple in construction and mining equipment manufacturing for over a century. With a robust infrastructure supported by a vast global dealer network, the company aims to solve complex challenges faced by customers using cutting-edge technology and commercial excellence. Leveraging its experienced and dedicated workforce, Caterpillar is well-positioned to continue leading the industry.

As they approach this leadership transition, all eyes will be on Epley as he takes the reins, ensuring that Caterpillar’s legacy as an industry giant continues uninterrupted.