Chewy Appoints Interim CFO After David Reeder's Resignation

Chewy announces CFO David Reeder's resignation effective July 3, 2025. William Billings will serve as interim principal financial officer and continue as Chief Accounting Officer. Billings has experience in finance and accounting at GlobalFoundries and Coursera. The most recent analyst rating on Chewy stock is a Buy with a $35 price target.

Chewy Inc. (CHWY) announced today that David Reeder, the company's Chief Financial Officer, will be resigning effective July 3, 2025. William Billings will serve as the interim Principal Financial Officer and continue in his role as Chief Accounting Officer. Billings brings extensive experience in finance and accounting, having previously worked at GlobalFoundries and Coursera.

Reeder's resignation comes just over a year after he joined Chewy, where he was responsible for overseeing the company's financial strategies and operations. His departure may result in him missing out on a significant portion of his stock awards, as companies often structure executive compensation packages to incentivize long-term retention.

Billings, who has been with Chewy since 2023, will assume the additional responsibilities of the Principal Financial Officer role. His appointment as interim is a testament to his proven track record and the confidence that Chewy has in his abilities to lead the company's financial operations during this transition period.

The most recent analyst rating on Chewy stock is a Buy with a $35 price target, reflecting the market's optimism about the company's future prospects despite the CFO change. Chewy's stock has been performing well, gaining 23.3% year-to-date compared to the industry's growth of 7.4%.

Chewy's first-quarter fiscal 2025 results showed an adjusted EBITDA margin of 6.2%, up 50 basis points year-over-year, driven by a focus on high-margin recurring revenue streams and operational discipline. The company expects its adjusted EBITDA margin to expand to 5.4-5.7% in 2025, with gross margin gains contributing significantly to this improvement.

The resignation of David Reeder and the appointment of William Billings as interim Principal Financial Officer signal a strategic move by Chewy to ensure continuity in its financial leadership while adapting to evolving market conditions.

References:

[1] https://www.wlrn.org/business/2025-07-03/ceo-compensation-chewy-executive-pay

[2] https://www.tradingview.com/news/zacks:0fdef51ad094b:0-is-chewy-s-6-2-q1-ebitda-margin-a-turning-point-toward-its-target/