Summary
Caterpillar Inc. (CAT) has announced a significant leadership change in its finance department through an 8-K filing dated April 10, 2026. Effective May 1, 2026, Kyle Epley will assume the role of Chief Financial Officer, succeeding Andrew R.J. Bonfield. Mr. Bonfield, who will transition out of his role on May 1, 2026, will remain with the company in an employee capacity until his retirement on October 1, 2026, ensuring a smooth handover. Mr. Epley brings a wealth of experience to the CFO position, having joined Caterpillar in 1996 and held various senior finance roles, including Corporate Controller and Senior Vice President of Global Finance Services. This appointment signals continuity and internal development within Caterpillar's financial leadership, as Mr. Epley's extensive background within the company positions him well to guide its financial strategy.
Key Highlights
- 1Kyle Epley appointed Chief Financial Officer (CFO) effective May 1, 2026.
- 2Andrew R.J. Bonfield to step down as CFO on May 1, 2026, and retire on October 1, 2026.
- 3Epley has been with Caterpillar since 1996, holding various senior finance positions.
- 4Epley's previous roles include Corporate Controller and SVP of Global Finance Services.
- 5Epley's compensation package includes a salary increase to $930,500, an Annual Incentive Plan target of 115% of base salary, and a long-term incentive grant valued at $1.8 million.
- 6The long-term incentive grant is composed of performance-based RSUs, stock options, and time-based RSUs.