Caterpillar Elects New Chief Financial Officer

Veteran Caterpillar executive Kyle Epley to take over CFO role from retiring Andrew Bonfield

Apr. 8, 2026 at 8:05pm

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A photorealistic studio still life featuring a polished metal gear, a stack of financial reports, and a calculator arranged elegantly on a clean, white background, conceptually representing the precision and strategy of corporate finance.Caterpillar's finance leadership transition reflects the company's commitment to financial stability and growth.Irving Today

Caterpillar Inc. announced that Chief Financial Officer (CFO) Andrew Bonfield will retire effective October 1, 2026, after eight years with the company. Caterpillar veteran Kyle Epley has been appointed as the new CFO, effective May 1, 2026, and Bonfield will serve in an advisory role during the transition period.

Why it matters

The change in Caterpillar's CFO leadership comes at a time of strong financial performance for the company, with record sales and revenues during Bonfield's tenure. Epley's appointment is seen as a seamless transition that will build on Caterpillar's momentum and continue to drive profitable growth and long-term value for shareholders.

The details

Bonfield was named 2025 CFO of the Year and led Caterpillar through a period of record financial results, including the highest full-year sales and revenues in the company's history. Epley, who has nearly three decades of Caterpillar experience, will take over the CFO role and continue to build on the company's strong foundation.

  • Andrew Bonfield will retire as Caterpillar's CFO effective October 1, 2026.
  • Kyle Epley will assume the CFO role effective May 1, 2026, with Bonfield serving in an advisory capacity during the transition.

The players

Andrew Bonfield

Outgoing Chief Financial Officer of Caterpillar Inc., who was named 2025 CFO of the Year and led the company through a period of record financial performance.

Kyle Epley

Incoming Chief Financial Officer of Caterpillar Inc., a veteran of the company with nearly three decades of experience in various senior finance leadership roles.

Joe Creed

Chairman and CEO of Caterpillar Inc., who praised Bonfield's leadership and expressed confidence in Epley's ability to lead the company's finance organization into the future.

Caterpillar Inc.

A leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, with 2025 sales and revenues of $67.6 billion.

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What they’re saying

“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.”

— Joe Creed, Chairman and CEO, Caterpillar Inc.

“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.”

— Joe Creed, Chairman and CEO, Caterpillar Inc.

“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.”

— Andrew Bonfield, Outgoing Chief Financial Officer, Caterpillar Inc.

What’s next

Bonfield will serve in an advisory role through October 1, 2026, to ensure a seamless transition as Epley takes over the CFO responsibilities.

The takeaway

Caterpillar's change in CFO leadership comes at a time of strong financial performance for the company, and the appointment of veteran executive Kyle Epley is seen as a strategic move to build on that momentum and continue driving profitable growth and long-term value for shareholders.