Caterpillar announced that Chief Financial Officer Andrew Bonfield will retire in October, and has appointed company veteran Kyle Epley as his successor.

Bonfield joined Caterpillar in 2018, where he was responsible for overseeing the construction equipment company's transition towards artificial intelligence infrastructure, helping it achieve record revenue in 2025 while navigating a challenging tariff environment. Epley, who currently serves as Senior Vice President of Global Financial Services, will take on the new role in May. Bonfield will continue as Senior Advisor until October 1 to oversee the transition.