David Reeder to Join Chewy as Chief Financial Officer
December 06 2023 - 4:13PM
Business Wire
Reeder will assume the CFO role early next
year Interim CFO Stacy Bowman will continue to serve as the
Chief Accounting Officer
Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for
pet parents and partners everywhere, announced today the
appointment of David Reeder as Chief Financial Officer (CFO),
effective February 14, 2024.
David joins Chewy from GlobalFoundries, Inc., a leading
semiconductor manufacturer, where he has served as CFO since 2020
and led their financial strategy, including their 2021 initial
public offering. David previously served as Chief Executive Officer
(CEO) of Tower Hill Insurance Group, as well as President and CEO
of Lexmark International Inc. Earlier in his career, David was CFO
at Electronics for Imaging, Inc., and he also held executive roles
at Cisco Systems, Inc., Broadcom Inc., and Texas Instruments
Inc.
"David is a highly experienced finance executive who has driven
strong results across a range of complex industries,” said Sumit
Singh, CEO of Chewy. “I am excited for David to join Chewy and to
play an important role in driving long-term, profitable and capital
efficient growth as we execute on key strategic priorities across
our business.”
“Chewy is a beloved brand and a world-class enterprise, whose
sustained growth, significant margin expansion and operational
excellence continue to elevate the pet category,” said David
Reeder. “I am thrilled to join Chewy’s leadership team and couldn’t
be more excited about the road ahead."
David is currently a member of the board of directors of
Alphawave IP Group plc. He holds a Bachelor of Science degree in
Chemical Engineering from University of Arkansas and a Master of
Business Administration degree from Southern Methodist
University.
Upon David’s arrival, interim CFO Stacy Bowman will continue
serving as Chewy’s Chief Accounting Officer.
About Chewy
Our mission is to be the most trusted and convenient destination
for pet parents and partners everywhere. We believe that we are the
preeminent online source for pet products, supplies and
prescriptions as a result of our broad selection of high-quality
products and services, which we offer at competitive prices and
deliver with an exceptional level of care and a personal touch to
build brand loyalty and drive repeat purchasing. We seek to
continually develop innovative ways for our customers to engage
with us, as our website and mobile app allow our pet parents to
manage their pets’ health, wellness, and merchandise needs, while
enabling them to conveniently shop for our products. We partner
with approximately 3,500 of the best and most trusted brands in the
pet industry offering approximately 110,000 products and services
offerings, to bring what we believe is a high-bar, customer-centric
experience to our customers.
Forward-Looking
Statements
This communication contains forward-looking statements about us
and our industry that involve substantial risks and uncertainties.
All statements other than statements of historical facts contained
in this communication are forward-looking statements. These
forward-looking statements are based upon the current assumptions,
beliefs and expectations of our management and are subject to risks
and uncertainties that could cause actual results to differ
materially, including risks and uncertainties relating to our
business strategy and plans; our ability to attract, develop,
motivate and retain highly qualified and skilled employees; and
other risks, uncertainties and other factors described in the
section titled “Risk Factors” included under Part I, Item 1A of our
Annual Report on Form 10-K and in our other filings with the
Securities and Exchange Commission and elsewhere in this
communication. The results, events and circumstances reflected in
the forward-looking statements may not be achieved or occur, and
actual results, events or circumstances could differ materially
from those described in the forward-looking statements. The
forward-looking statements made in this communication relate only
to events as of the date on which the statements are made. We
undertake no obligation to update any forward-looking statements
made in this communication to reflect events or circumstances after
the date of this communication or to reflect new information or the
occurrence of unanticipated events, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231206882732/en/
Investor Contact: Jennifer Hsu ir@chewy.com
Media Contacts: Diane Pelkey dpelkey@chewy.com
Josh Green jgreen@chewy.com
Chewy (NYSE:CHWY)
Historical Stock Chart
From Apr 2024 to May 2024
Chewy (NYSE:CHWY)
Historical Stock Chart
From May 2023 to May 2024