Investing.com -- Schrodinger Inc (NASDAQ: SDGR ) said on Tuesday that Richie Jain has been appointed as the new Chief Financial Officer (CFO), succeeding Geoffrey Porges who is set to leave the position.

The change in the financial leadership of the company comes amidst Schrodinger’s reaffirmation of its financial expectations for the entirety of 2025.

The company remains confident in its previously set financial targets.

In addition to its full year financial outlook, Schrodinger has also reiterated its revenue guidance for the second quarter of 2025, specifically for its software division.

The company has not revised its previous estimates, indicating stability in its financial planning and expectations.

The appointment of Jain and the departure of Porges mark notable changes in the upper echelons of Schrodinger’s management.

As the incoming CFO, Jain will be tasked with overseeing the company’s financial operations and strategy, a role crucial to the company’s performance and growth.

As of now, the company has not disclosed any further details regarding the transition or the future plans of Porges following his departure from the CFO role.

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