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WESTMINSTER, Colo. - Trimble (NASDAQ:TRMB), the $19.6 billion technology solutions provider whose stock has delivered an impressive 51% return over the past year, announced Monday that Chief Accounting Officer Julie Shepard will retire in early 2026 after more than 18 years with the company. According to InvestingPro data, the company maintains a Fair financial health rating and trades near its 52-week high of $87.50.
Kenny Bement will succeed Shepard as the new CAO effective September 2025. The company said Shepard and Bement will work together over the next six to eight months to ensure a smooth transition, with Shepard continuing to support the auditor transition for the 2025 financial statements. With annual revenue of $3.57 billion and a robust gross profit margin of nearly 70%, Trimble’s financial performance underscores the importance of this transition.
Bement brings over 20 years of financial experience to the role. His background includes working as an auditor and at the Financial Accounting Standards Board, where he authored the ASC 606 revenue recognition standard. He previously served as CAO at several companies including Conservice, Vista Outdoor, Ancestry and Gopuff.
The technology company also announced the appointment of Jim Palermo to the newly created position of Chief Information Officer. 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.
"I want to thank Julie for her significant contributions to Trimble over the past 18 years," said Phil Sawarynski, CFO at Trimble, according to the company’s press release. Sawarynski highlighted Shepard’s role in implementing the company’s migration from perpetual to subscription licensing models.
Trimble provides technology solutions for industries including construction, geospatial and transportation, focusing on positioning, modeling and data analytics. For deeper insights into Trimble’s financial health and growth prospects, InvestingPro subscribers have access to 14+ additional ProTips and comprehensive analysis through the Pro Research Report, helping investors make more informed decisions about this technology leader.
In other recent news, Trimble Inc. reported impressive second-quarter 2025 financial results, surpassing both earnings and revenue forecasts. The company’s 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. These results highlight Trimble’s strong performance in the quarter. Additionally, the positive financial outcomes have contributed to increased investor confidence. The company’s stock price saw an upward movement following the announcement, although specific stock price details are not discussed here. These developments reflect Trimble’s robust financial health and successful management strategies.
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