Trimble (NASDAQ:TRMB) has announced significant changes in its executive-level leadership. Chief Accounting Officer (CAO) Julie Shepard will retire from the company in early 2026 after more than 18 years of service. This retirement comes at a time when Trimble has named Kenny Bement as its new CAO, effective September 2025. Kenny brings with him over two decades of experience in financial reporting, controls, compliance, and finance operations excellence.
Under Julie Shepard's leadership, Trimble implemented a migration from perpetual to subscription licensing models. This transition has been a significant aspect of the company's transformation. The company has also appointed Jim Palermo as Chief Information Officer (CIO), a newly created position aimed at delivering information technology infrastructure to support the company's connect and scale digital transformation.
Jim Palermo brings with him more than 20 years of IT leadership experience, having most recently served as CIO for Red Hat, where he managed large, global teams and led a significant Software-as-a-Service (SaaS) business model transformation.
These changes in leadership come at a time when Trimble is focused on its "connect and scale" strategy, aiming to simplify and focus the company to drive progress and productivity. As Trimble continues to evolve, these leadership changes are positioned to have a significant impact on the company's future direction and performance. Today the company's shares have moved 0.31% to a price of $82.495. If you want to know more, read the company's complete 8-K report here.
