Caterpillar
Caterpillar Inc. on April 8 announced that CFO Andrew Bonfield has elected to retire effective Oct. 1, 2026, following eight years with the company. Caterpillar veteran Kyle Epley has been appointed CFO effective May 1, 2026, at which time Bonfield will assume an advisory role for the remainder of the transition.
Bonfield was named 2025 CFO of the Year by the CFO Leadership Council and Chief Executive Group. His planned retirement follows a period of “record financial performance and transformation for the company,” Caterpillar noted. During Bonfield’s tenure, Caterpillar “strengthened its robust operating and execution model and delivered consistently strong returns for shareholders, including the highest full-year sales and revenues in Caterpillar’s history and a single-quarter record of $19.1 billion for the fourth quarter of 2025.”
“Andrew’s leadership has been instrumental to Caterpillar’s success,” said Caterpillar Chairman and CEO Joe Creed. “He brought exceptional financial expertise, a relentless focus on disciplined decision-making and a deep commitment to our customers and shareholders. With Andrew at the forefront, our global finance organization became a strategic advantage for the enterprise, and his impact will be felt long after his retirement.”
As part of a seamless transition, Bonfield will serve in an advisory role through Oct. 1, 2026.
Epley brings nearly three decades of Caterpillar experience to the role. Currently serving as Senior Vice President of Global Finance Services, he leads a global team managing enterprise-wide finance operations, strategy, planning, treasury, pricing, real estate and facilities. Throughout his career, Epley has held several senior finance leadership roles across the company, including Division CFO and Corporate Controller, “giving him extensive operational and financial insight across Caterpillar’s diverse businesses,” the company noted.
“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 and our mission of solving our customers’ toughest challenges. I have great confidence in Kyle’s ability to build on our strong foundation to lead Caterpillar’s finance organization into the future.”
“It has been a privilege to serve as Caterpillar’s CFO and to work alongside such a talented team,” said Bonfield. “Kyle is the right leader for this next chapter. He brings the experience, judgment and customer-focused mindset needed to help Caterpillar continue to deliver profitable growth and create long-term value. I look forward to supporting him during the transition and watching Caterpillar continue to thrive.”
GoRail
The GoRail Board of Directors has unanimously appointed Betsy Cantwell as President, effective immediately, the company reported April 9.
Cantwell has been a critical part of GoRail’s leadership team and brings “deep experience in communications, stakeholder engagement, and industry advocacy,” the company noted. “The Board is confident in her ability to lead the organization forward and build on GoRail’s strong foundation. Thank you to those who reached out in this transition period.”
“This continues to be a difficult time for all of us following the loss of Michael Gaynor. We remain deeply appreciative of your support and partnership as we navigate this transition,” GoRail stated in a release.
“We also want to extend our sincere thanks to Russ McGurk for his steady leadership in serving as interim President and helping guide GoRail through this period. His commitment ensured continuity and stability when it was most needed.
“As we look ahead, we are confident in GoRail’s future and in our ability to continue delivering results for the freight rail industry and the communities it serves. We are excited for three wonderful events this year, beginning later this month in New Orleans at TPC Louisiana.
“Betsy’s appointment reflects both continuity and a strong path forward. Thank you, as always, for your continued confidence and support.”
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