The CFO Leadership Council, in partnership with AlixPartners, has named Andrew Bonfield, Chief Financial Officer of Caterpillar Inc., the 2025 CFO of the Year. Selected by a panel of peer CFOs, Bonfield was recognized for transforming Caterpillar's decision-making processes, sharpening strategic resource allocation and driving consistent top-quartile shareholder returns over five consecutive years. Under his leadership, the company achieved record adjusted profit per share in 2024. Bonfield will be honored at a December 8 gala at the Harvard Club in New York City.
BRENTWOOD, Tenn., Aug. 12, 2025 /PRNewswire-PRWeb/ -- Chief Executive Group and its CFO Leadership Council, in partnership with AlixPartners, today announced that Andrew Bonfield, Chief Financial Officer, Caterpillar Inc., has been named 2025 CFO of the Year by his peer CFOs.
Bonfield was selected by an independent committee comprised of leading CFOs for his work transforming 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 embedded a robust decision process and standards, using more granular information to make better decisions grounded on what it takes to win in its markets, leading to allocation and targeted reinvestment of resources to the strategies with the best potential for profitable growth and ultimately better execution delivering consistently high returns for shareholders.
His efforts led to results that have far outpaced the industry, with Caterpillar achieving five consecutive years of the top quartile total shareholder returns vs. its peers (less than 2% of companies in the S&P 500 achieve this) and in 2024 achieving record adjusted profit per share.
"It's an honor to receive this recognition, which is a testament to the exceptional team of finance professionals at Caterpillar who continue to deliver solid results in a dynamic environment," said Bonfield, "Our team's relentless drive to deliver solutions for our customers is inspiring, and as we continue to celebrate our company's centennial anniversary this year, I remain confident that our potential to shape a better, more sustainable future has never been stronger."
The 2025 CFO of the Year Selection Committee includes: Jeff Epstein, Leader, Bessemer Venture Partners 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; Aradhana Sarin, Executive Director and CFO, AstraZeneca. Oberg, Osvaldik and Sarin are prior CFO Leadership award honorees.
"Andrew's institutionalization of Caterpillar's operating and execution model has focused the entire company on a clear definition of winning and put in place the capabilities to achieve and sustain top performance," said Joe Shalleck, Partner & Managing Director, AlixPartners, who acts as a special adviser to the judges throughout the CFO of the Year process.
"At an incredibly challenging time in global business history, Andrew is a great example of how disciplined, forward-thinking CFO leadership is one of the most essential elements for the success of any organization," said Jack McCullough, president and founder, CFO Leadership Council. "He really does represent the best of this profession."
Bonfield's selection as 2025 CFO of the Year will be celebrated at a gala hosted by Chief Executive Group on December 8 at the Harvard Club, New York City. Learn more and request an invitation: cfoleadership.com/awards/
About The CFO Leadership Council
The CFO Leadership Council is a professional association whose mission is to empower senior financial executives to realize success in their careers, as well as for the people and companies they lead. Our members realize this success through the collaborative and energetic community we foster, which helps them build a professional network of their peers, as well as involves them in engaging discussions that deliver pragmatic and tangible insights on business and leadership issues. The CFOLC has a global community of over 2,000 members and hosts more than 300 events per year. Learn more at cfoleadership.com
About Chief Executive Group
Since 1977 Chief Executive Group has been a leading community for business leaders, existing to improve the performance of C-suite leaders and corporate directors. We run some of the nation's most essential peer-networking communities, including the CFO Leadership Council, Chief and Senior Executive Networks and the Corporate Board Member Network and publish Chief Executive magazine, ChiefExecutive.net, Corporate Board Member magazine, BoardMember.com, CFOLeadership.com, and StrategicCHRO360.com. Learn more at ChiefExecutiveGroup.com.
About AlixPartners
AlixPartners is a results-driven global consulting firm that specializes in helping businesses successfully address their most complex and critical challenges. Our clients include companies, corporate boards, law firms, investment banks, private equity firms, and others. Founded in 1981, AlixPartners is headquartered in New York and has offices in more than 20 cities around the world. For more information, visit alixpartners.com
Media Contact
Dan Bigman, Chief Executive Group, 1 2038894980, [email protected], cfoleadership.com
SOURCE Chief Executive Group
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