Schrodinger Inc. (SDGR) Announces CFO Appointment

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, 2025, to ensure a smooth transition.

“I want to thank Geoff for his commitment and service during his tenure. He strengthened the company’s financial profile to support continued investments across our business and led the finance organization through important milestones. We wish him well in his future endeavors and look forward to his advice as we position the company for future success,” stated Ramy Farid, Ph.D., chief executive officer at Schrödinger. “Richie has made significant contributions during his tenure, including working across the company to pursue strategic initiatives, and secure and expand strategic collaborations. His deep financial expertise and strong understanding of our business make him uniquely suited to lead our finance organization. We look forward to his continued leadership.”

As chief financial officer, Mr. Jain will oversee the company’s financial operations, strategic planning, investor relations, corporate development and business development transactions. Mr. Jain joined Schrödinger from Morgan Stanley where he held positions of increasing responsibility, most recently as a managing director in the healthcare investment banking and mergers & acquisitions departments. Prior to that, he was an electrical engineer at Boston Scientific’s cardiac rhythm management business. Mr. Jain received a B.S. in electrical engineering from the University of Michigan and earned his M.B.A. from the University of Chicago Booth School of Business.

Schrödinger is reaffirming its financial expectations for the full year 2025, as well as its second quarter 2025 software revenue guidance, previously provided in its first quarter financial results press release and conference call on May 7, 2025.

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