Caterpillar appoints new CFO in transition plan.
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Caterpillar appoints new CFO in transition plan. Reading Time: 2 mins read A transition is underway at Caterpillar as chief financial officer Andrew Bonfield hands over the reins to experienced executive Kyle Epley. Bonfield is set to retire on October 1 after eight years with Caterpillar. In his place, Epley will become the chief financial officer on May 1, with Bonfield serving as an advisor during the transition period. "Andrew's leadership has been instrumental to Caterpillar's success," Caterpillar chief executive officer Joe Creed said. "He brought exceptional financial expertise, a relentless focus on disciplined decision-making and a deep commitment to its customers and shareholders. "With Andrew at the forefront, our global finance organisation became a strategic advantage for the enterprise, and his impact will be felt long after his retirement." Epley has been at Caterpillar for nearly three decades and is currently the senior vice president of global finance services with a remit across finance operations, strategy, planning, treasury, pricing, real estate and facilities. Epley has had several roles with Caterpillar, including division CFO 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...
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