Caterpillar Appoints Kyle Epley as New CFO

IRVING, Texas - Caterpillar Inc., a construction equipment manufacturer, has announced a leadership transition in its finance division, with Chief Financial Officer Andrew Bonfield set to retire effective October 1, 2026, after serving the company for eight years. Caterpillar veteran Kyle Epley will take over as CFO on May 1, 2026, while Bonfield will remain in an advisory role during the transition period.

Bonfield’s retirement follows a highly successful period for Caterpillar, marked by strong financial performance and major operational progress. During his tenure, the company achieved the highest full-year sales and revenues in its history, along with a record-breaking quarterly sales figure of $19.1 billion in the fourth quarter of 2025. He was also recognized as the 2025 CFO of the Year by the CFO Leadership Council and Chief Executive Group.

Caterpillar Chairman and CEO Joe Creed praised Bonfield’s contribution, highlighting his financial leadership, disciplined decision-making and long-term impact on the organization. Creed noted that Bonfield played a critical role in strengthening the company’s finance function and supporting value creation for customers and shareholders.

To ensure a smooth succession, Bonfield will continue supporting the company in an advisory capacity through October 1, 2026.

Kyle Epley, who has nearly 30 years of experience with Caterpillar, brings deep financial and operational expertise to the CFO role. He currently serves as Senior Vice President of Global Finance Services, where he oversees enterprise-wide finance operations, strategy, planning, treasury, pricing, real estate and facilities. Over the course of his career, he has also held key leadership positions including division CFO and corporate controller.

Joe Creed expressed strong confidence in Epley’s appointment, describing him as a respected leader with deep understanding of Caterpillar’s strategy, culture and customer-focused mission. He added that Epley is well-positioned to build on the company’s strong financial foundation and guide its finance organization into the future.

Bonfield also voiced his support for Epley, saying it has been a privilege to serve as Caterpillar’s CFO and work alongside a talented team. He described Epley as the right leader for Caterpillar’s next phase, citing his experience, judgment and commitment to profitable growth and long-term value creation.

This transition marks an important new chapter for Caterpillar as it continues to build on its strong financial momentum and strategic direction.

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