Caterpillar names new chief financial officer

Caterpillar Inc. said Chief Financial Officer Andrew Bonfield will retire effective Oct. 1, 2026, following eight years with the company, and will transition to an advisory role beginning May 1.

The company said Kyle Epley, a longtime Caterpillar executive, has been appointed chief financial officer effective May 1.

Bonfield was named 2025 CFO of the Year by the CFO Leadership Council and Chief Executive Group. The company said his tenure included a period of record financial performance, including the highest full-year sales and revenues in its history and a single-quarter record of $19.1 billion in the fourth quarter of 2025.

“Andrew’s leadership has been instrumental to Caterpillar’s success,” said Joe Creed, Caterpillar chairman and CEO. “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.”

Bonfield will remain with the company in an advisory capacity through Oct. 1, 2026.

Epley has nearly 30 years of experience with Caterpillar and currently serves as senior vice president of Global Finance Services. In that role, he oversees enterprise-wide finance operations including strategy, planning, treasury, pricing, real estate and facilities. He has previously served in several senior finance roles, including division chief financial officer and corporate controller.

“Kyle is an outstanding leader with deep institutional knowledge and a proven track record of working with the business to drive results,” Creed said. “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.”

“It has been a privilege to serve as Caterpillar’s CFO and to work alongside such a talented team,” said Bonfield. “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.”