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Schrödinger Announces CFO Appointment

1. Geoffrey Porges departs as CFO; Richie Jain appointed new CFO.

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FAQ

Why Neutral?

CFO transitions can indicate stability or uncertainty depending on execution; past transitions vary in impact.

How important is it?

Leadership changes can affect confidence; Porges' advisory role mitigates short-term risk.

Why Short Term?

Immediate uncertainty due to leadership change; potential stabilization in coming months.

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NEW YORK--(BUSINESS WIRE)--Schrödinger (Nasdaq: SDGR) today announced that the company and Geoffrey Porges, MBBS., have mutually agreed that Dr. Porges will depart from his role as chief financial officer to pursue other opportunities. Richie Jain, who previously served as Schrödinger's senior vice president, strategic finance and head of corporate and business development, will succeed Geoffrey Porges as chief financial officer. Dr. Porges will serve as an advisor to the company through June 6.

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