Caterpillar Names Kyle Epley CFO as Andrew Bonfield Plans Retirement in 2026
Caterpillar Inc. has announced a chief financial officer transition that will take effect in 2026. Current CFO Andrew Bonfield will retire on 1 October 2026, after eight years with the company. Kyle Epley, a long-time Caterpillar finance leader, has been appointed CFO effective 1 May 2026. Bonfield will remain in an advisory role through the […] Caterpillar Names Kyle Epley CFO as Andrew Bonfield Plans Retirement in 2026 published on The HeavyQuip Magazine.
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Caterpillar Inc. has announced a chief financial officer transition that will take effect in 2026. Current CFO Andrew Bonfield will retire on 1 October 2026, after eight years with the company. Kyle Epley, a long-time Caterpillar finance leader, has been appointed CFO effective 1 May 2026. Bonfield will remain in an advisory role through the transition period.
Bonfield’s retirement follows a stretch of strong financial results for the company. Caterpillar said that during his tenure, it delivered its highest full-year sales and revenues in company history, and recorded a quarterly sales and revenues high of $19.1 billion in the fourth quarter of 2025. The company also noted that Bonfield was named 2025 CFO of the Year by the CFO Leadership Council and Chief Executive Group.
“Andrew’s leadership has been instrumental to Caterpillar’s success”
Said Joe Creed, Caterpillar chairman and CEO. Creed credited Bonfield with helping strengthen the company’s operating and execution model and positioning finance as a strategic capability across the enterprise.
Epley steps into the role with nearly three decades at Caterpillar. He currently serves as senior vice president of Global Finance Services, overseeing enterprise-wide finance operations, strategy, planning, treasury, pricing, as well as real estate and facilities. Caterpillar said he has held several senior finance positions across the organisation, including division CFO and corporate controller, providing broad operational and financial experience across its businesses.
“Kyle is an outstanding leader with deep institutional knowledge and a proven track record of working with the business to drive results.”
Creed said.
Bonfield also voiced support for his successor, describing the CFO role as a privilege and saying Epley has the experience and judgement needed for the next phase, while confirming he will support the transition through October 2026.
Caterpillar Names Kyle Epley CFO as Andrew Bonfield Plans Retirement in 2026 published on The HeavyQuip Magazine.
