Trimble Names Kenny Bement as New CAO, Julie Shepard to Retire in 2026

Trimble has announced the retirement of Chief Accounting Officer Julie Shepard in early 2026 after 18 years of service. Kenny Bement will take over as the new CAO in September 2025. Shepard will continue to serve as a consultant to the company during the transition.

Trimble (NASDAQ:TRMB), a leading provider of technology solutions for industries including construction, geospatial, and transportation, has announced the retirement of Chief Accounting Officer Julie Shepard. Shepard will step down in early 2026 after 18 years of service. Kenny Bement will succeed Shepard as the new CAO, effective September 2025. Shepard will continue to serve as a consultant to the company during the transition period [1].

Bement brings over 20 years of financial experience to the role. His background includes serving as an auditor and at the Financial Accounting Standards Board, where he authored the ASC 606 revenue recognition standard. He previously held the CAO position at several companies, including Conservice, Vista Outdoor, Ancestry, and Gopuff [1].

The announcement comes amidst positive financial results for Trimble. The company reported impressive second-quarter 2025 financial results, surpassing both earnings and revenue forecasts. Earnings per share were $0.71, exceeding the forecast of $0.63 by 12.7%. Revenue reached $876 million, surpassing expectations of $835.81 million [2].

Trimble's stock price saw an upward movement following the announcement, reflecting investor confidence in the company's robust financial health and successful management strategies. The company continues to focus on its digital transformation, with a new Chief Information Officer, Jim Palermo, joining to support the initiative [1].

References:
[1] https://www.investing.com/news/company-news/trimble-announces-cfo-retirement-names-new-executives-93ch-4197193
[2] https://seekingalpha.com/news/4486441-trimble-appoints-kenny-bement-as-new-cao