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Trimble Announces New CAO, Retiring Julie Shepard to Depart in 2026
ByAinvest
Monday, Aug 18, 2025 7:57 am ET1min read
• Trimble's Chief Accounting Officer Julie Shepard to retire in early 2026 • Kenny Bement named new CAO, effective September 2025 • Bement has over 20 years of experience in financial reporting, controls, and compliance • Will work with Shepard for 6-8 months to ensure a seamless transition • Shepard will support auditor transition for 2025 financial statements
Trimble Inc. (NASDAQ: TRMB), a leading technology solutions provider, has announced significant changes in its executive leadership. Chief Accounting Officer Julie Shepard will retire in early 2026 after more than 18 years with the company [1]. Kenny Bement has been named her successor, effective September 2025 [1].Kenny Bement brings over two decades of experience in financial reporting, controls, compliance, and finance operations excellence [4]. He began his career as an auditor and later worked at the Financial Accounting Standards Board, where he was the primary author of the ASC 606 revenue recognition standard [4]. Bement previously served as CAO at several companies, including Conservice, Vista Outdoor, Ancestry, and Gopuff [4].
Julie Shepard and Kenny Bement will work together for the next six to eight months to ensure a smooth transition [1, 4]. Shepard will continue to support the auditor transition for the 2025 financial statements [1, 4].
Additionally, Trimble has appointed Jim Palermo as Chief Information Officer (CIO) [4]. Palermo, who most recently served as CIO for Red Hat, will focus on delivering IT infrastructure to support Trimble’s Connect and Scale digital transformation [4].
Phil Sawarynski, CFO at Trimble, expressed gratitude for Julie Shepard’s contributions, highlighting her role in implementing the company’s migration from perpetual to subscription licensing models [4].
Trimble provides technology solutions for industries including construction, geospatial, and transportation, focusing on positioning, modeling, and data analytics [4]. The company recently reported strong second-quarter 2025 financial results, surpassing both earnings and revenue forecasts [2].
References:
[1] https://www.investing.com/news/company-news/trimble-announces-cfo-retirement-names-new-executives-93CH-4197193
[2] https://ca.investing.com/news/insider-trading-news/trimble-ceo-painter-sells-621k-in-shares-93CH-4160805
[3] https://seekingalpha.com/news/4486441-trimble-appoints-kenny-bement-as-new-cao
[4] https://www.prnewswire.com/news-releases/trimble-announces-executive-level-leadership-changes-302531388.html
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