Caterpillar appointed Andrew Bonfield chief financial officer effective September 1, 2018. Bonfield will succeed Brad Halverson, whose retirement became effective on May 4. In the meantime, Joe Creed, Caterpillar Finance Services division vice president, will serve as interim CFO.

Bonfield brings more than three decades of financial expertise to the role, most recently serving as group CFO and board member of National Grid, a British multinational electricity and gas utility company.

“Andrew’s global financial experience across a variety of industries will serve Caterpillar and our stakeholders well,” said Jim Umpleby, Caterpillar’s CEO. “We look forward to him joining our executive office.”

Prior to Bonfield’s eight years at National Grid, he was CFO at British confectionary company Cadbury. From 2002 to 2008, he was executive vice president and CFO of Bristol-Myers Squibb Company, an American pharmaceutical company. Bonfield’s other experience includes the role of finance director of BG Group and CFO of Smithkline Beecham. Since 2010, he has been a non-executive director and chair of the audit committee of British retailer Kingfisher. Bonfield also chairs the 100 Group, which represents finance directors of the top 100 U.K. companies listed on the London Stock Exchange.

Creed joined Caterpillar in 1997 and has held numerous positions of increasing responsibility within Corporate Accounting, the Track-Type Tractors Division and Large Power Systems Division, where he served as senior business resource manager. He then served as chief financial officer for the Energy & Transportation segment prior to becoming FSD vice president in 2017. Once Bonfield joins Caterpillar, Creed will continue serving in his capacity as FSD vice president.

“Joe’s experience as vice president of the Finance Services Division makes him well suited to serve as interim CFO. He will bring the necessary leadership and continuity to this important transition,” Umpleby said.