Caterpillar announced that Chief Financial Officer Andrew Bonfield will retire effective October 1, 2026, with company veteran Kyle Epley appointed as CFO effective May 1, 2026.
As part of the transition, Bonfield will move into an advisory role beginning May 1 and continue supporting the company through his retirement date. His departure follows eight years with Caterpillar, during which the company achieved record financial performance, including its highest full-year sales and revenues and a quarterly record of $19.1 billion in the fourth quarter of 2025.
Epley brings nearly 30 years of experience at Caterpillar to the CFO role. He currently serves as senior vice president of Global Finance Services, overseeing enterprise-wide finance operations, including strategy, planning, treasury, pricing, and real estate. Over his career, he has held multiple senior finance positions, including division CFO and corporate controller, providing broad operational and financial expertise across the company.
The leadership transition is designed to ensure continuity as Caterpillar builds on its financial performance and strategic execution across its global operations.
KEY QUOTES
“Andrew’s leadership has been instrumental to Caterpillar’s success. He brought exceptional financial expertise, a relentless focus on disciplined decision making and a deep commitment to our customers and shareholders. With Andrew at the forefront, our global finance organization became a strategic advantage for the enterprise, and his impact will be felt long after his retirement.”
Joe Creed, Chairman And Chief Executive Officer, Caterpillar
“Kyle is an outstanding leader with deep institutional knowledge and a proven track record of working with the business to drive results. He understands our strategy, our culture and our mission of solving our customers’ toughest challenges. I have great confidence in Kyle’s ability to build on our strong foundation to lead Caterpillar’s finance organization into the future.”
Joe Creed, Chairman And Chief Executive Officer, Caterpillar
“It has been a privilege to serve as Caterpillar’s CFO and to work alongside such a talented team. 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. I look forward to supporting him during the transition and watching Caterpillar continue to thrive.”
Andrew Bonfield, Chief Financial Officer, Caterpillar
