Caterpillar Inc. has announced Kyle Epley, a 30-year company veteran, will become chief financial officer (CFO) on May 1, 2026, succeeding Andrew Bonfield who plans to retire October 1, 2026, after eight years with the heavy equipment manufacturer.
The Irving, Texas-based company said Bonfield will transition to an advisory role through his October retirement date to ensure continuity during the leadership change. The announcement comes as Caterpillar reports its strongest financial performance in company history, including record 2025 sales and revenues of $67.6 billion.
Epley currently serves as senior vice president of Global Finance Services, overseeing enterprise-wide finance operations, strategy, treasury, and pricing. His nearly three-decade tenure at Caterpillar includes roles as division CFO and corporate controller across multiple business segments.
The leadership transition comes at a critical time for construction equipment manufacturers facing evolving market dynamics, including increased demand for sustainable equipment solutions and supply chain pressures. Caterpillar's financial leadership will play a key role in navigating these challenges while maintaining the company's market position.
Bonfield's tenure saw significant financial achievements, including a single-quarter revenue record of $19.1 billion in Q4 2025. He was named 2025 CFO of the Year by the CFO Leadership Council and Chief Executive Group.
Epley's appointment maintains internal promotion practices common among major equipment manufacturers, ensuring deep familiarity with dealer networks and customer needs that drive the construction industry's equipment acquisition decisions.
