In collaboration with AlixPartners, the CFO Leadership Council today announced that Caterpillar's Chief Financial Officer Andrew Bonfield has been appointed by his peer CFO in 2025 CFO of THE.
Bonfield was selected by an independent committee consisting of leading CFOs for his work that transforms the world's top manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
Under Bonfield's leadership, Caterpillar embedding a robust decision process and criteria, using more detailed information to make better decisions based on what is needed to win in the market. The efforts have led to allocations to strategies with profitable growth and ultimately better execution potential and reinvestment of target resources, achieving consistent and high returns for shareholders.
His efforts have driven results that are far ahead of the industry, with Caterpillar achieving its highest quartile shareholder return ratio for the fifth consecutive year, with its associates (less than 2% of S&P 500 companies achieving this, achieving record-per-share adjustment profits in 2024.
“It's an honor to receive this recognition, and it's a testament to the exceptional team of Caterpillar's financial experts who continue to deliver solid results in dynamic environments,” says Bonfield. “The team's relentless drive to provide solutions to our customers is exciting. As we continue to celebrate this year's 100th anniversary, we are confident that the possibilities for shaping a better, more sustainable future are stronger than ever.”
The 2025 CFO of the Year Selection Committee includes Jeff Epstein, Leader and the Bessemer Venture Partner CFO Council. Dave Marberger, CFO, Conagra Foods; Gary Millerchip, EVP and CFO, Costco; Leeny Oberg, EVP and CFO, Marriott International; Peter Osvaldik, EVP and CFO, T-Mobile; Aradanasarin, Executive Director and CFO, AstraZeneca. Oberg, Osvaldik and Sarin are former CFO Leadership Award recipients.
“Institutionalisation of Andrew's Caterpillar's operational and execution model has introduced the ability to achieve and maintain top performance, focusing on a clear definition of winning the entire company.”
“In a very challenging time in global business history, Andrew is a great example of how disciplined, advanced CFO leadership is one of the most important factors for the success of any organization.” “He truly represents the best of the profession.”
Bonfield's selection as CFO of the Year in 2025 will be celebrated at the gala hosted by the Chief Executive Group at the Harvard Club, New York City, on December 8th. Request details and invitations: cfoleadership.com/awards/
