Trimble Announces Executive-Level Leadership Changes

Rhea-AI Summary

Trimble (NASDAQ:TRMB) announced key leadership changes, with Chief Accounting Officer (CAO) Julie Shepard retiring in early 2026 after 18 years of service. Kenny Bement will succeed as the new CAO effective September 2025, bringing over 20 years of financial expertise, including experience at FASB and various companies.

Additionally, Jim Palermo joins as Chief Information Officer (CIO), a new position created to support Trimble's Connect and Scale digital transformation. Palermo previously served as CIO at Red Hat, where he led SaaS business model transformation.

Positive

• Structured transition period of 6-8 months ensures operational continuity
• New CAO brings extensive experience in revenue recognition and financial reporting
• Creation of CIO position demonstrates commitment to digital transformation
• New CIO brings valuable SaaS transformation experience from Red Hat

Negative

• Loss of long-term CAO with 18 years of company experience
• Potential disruption during transition period

WESTMINSTER, Colo., Aug. 18, 2025 /PRNewswire/ -- Trimble (Nasdaq:TRMB) today announced that Chief Accounting Officer (CAO) Julie Shepard will retire from the company in early 2026 after more than 18 years of service to Trimble shareholders. The company has named Kenny Bement as its new CAO effective September 2025. Julie and Kenny will work together over the next six to eight months to ensure a seamless transition. Julie will continue to support the auditor transition for the 2025 financial statements.

Kenny brings to Trimble more than two decades of experience in financial reporting, controls, compliance, and finance operations excellence. He began as an auditor and later worked for the Financial Accounting Standards Board where he was the primary author of the ASC 606 revenue recognition standard. Previously, Kenny was the CAO for Conservice, Vista Outdoor, Ancestry and Gopuff, and served in senior roles at Alphabet and Raytheon.

Trimble also announced the hiring of Jim Palermo as Chief Information Officer (CIO), a newly created position focused on delivering Information Technology (IT) infrastructure to support the company's Connect and Scale digital transformation. Jim brings more than two decades of IT leadership experience. He most recently served as CIO for Red Hat, where he managed large, global teams and led a significant SaaS business model transformation. Prior to Red Hat, Jim held positions at Cisco and Nortel.

"I want to thank Julie for her significant contributions to Trimble over the past 18 years," said Phil Sawarynski, CFO at Trimble. "Her leadership and dedication have left an imprint on the company, including the significant role she played in implementing our migration from perpetual to subscription licensing models. I am excited for Jim and Kenny to join the team and continue our efforts to simplify and focus the company to deliver on our Connect and Scale strategy."

About Trimble
Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it's helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: www.trimble.com.

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SOURCE Trimble

FAQ

When will Julie Shepard retire as Trimble's Chief Accounting Officer?

Julie Shepard will retire from Trimble in early 2026 after more than 18 years of service.

Who is Kenny Bement and when will he become Trimble's new CAO?

Kenny Bement will become Trimble's new Chief Accounting Officer in September 2025. He brings over 20 years of experience in financial reporting and previously worked at FASB, Conservice, Vista Outdoor, Ancestry, Gopuff, Alphabet, and Raytheon.

What is Jim Palermo's role at Trimble?

Jim Palermo joins Trimble as Chief Information Officer (CIO), a newly created position focused on delivering IT infrastructure to support the company's Connect and Scale digital transformation.

How long will the transition period be between Julie Shepard and Kenny Bement at Trimble?

The transition period will be 6 to 8 months, during which Julie Shepard will work with Kenny Bement to ensure a seamless transition and support the auditor transition for the 2025 financial statements.

What is Jim Palermo's previous experience before joining Trimble?

Jim Palermo most recently served as CIO for Red Hat, where he managed global teams and led SaaS business model transformation. He also held positions at Cisco and Nortel, bringing over two decades of IT leadership experience.