Schrödinger Parting Ways With Finance Chief Geoffrey Porges

Dow Jones

2025/05/20

By Colin Kellaher

Schrödinger's top finance executive, Geoffrey Porges, is leaving by mutual agreement with the developer of software for drug development and materials design.

Schrödinger on Tuesday said Richie Jain, the New York company's senior vice president of strategic finance and head of corporate and business development, will succeed Porges as chief financial officer.

Porges, who joined Schrödinger as executive vice president and chief financial officer in August 2022, will serve as an adviser through June 6 to assist with the transition, the company said.

On Monday, Schrödinger said it plans to cut 60 jobs, or about 7% of its full-time staff, as part of a restructuring aimed at paring annual operating expenses by about $30 million.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

May 20, 2025 06:46 ET (10:46 GMT)

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