Leadership Transition at Schrödinger: Richie Jain Named CFO

On May 20, Schrödinger, Inc. (NASDAQ:SDGR) announced the departure of Chief Financial Officer Geoffrey Porges, MBBS., who is stepping down to pursue other opportunities. Richie Jain, previously Senior Vice President of Strategic Finance and Head of Corporate and Business Development, will succeed him. Dr. Porges will continue as an advisor until June 6, 2025, to facilitate a seamless transition.

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CEO Ramy Farid, Ph.D., acknowledged Dr. Porges for his contributions, emphasizing his role in strengthening the company’s financial profile and guiding key strategic initiatives. He expressed confidence in Jain, highlighting his strong financial skills and ability to build important partnerships.

As CFO, Jain will oversee Schrödinger’s financial operations, investor relations, corporate development, and business transactions. Before joining Schrödinger, he was a Managing Director at Morgan Stanley, specializing in healthcare investment banking and mergers & acquisitions. Earlier, he worked as an electrical engineer at Boston Scientific’s cardiac rhythm management division. He holds a B.S. in Electrical Engineering from the University of Michigan and an MBA from the University of Chicago Booth School of Business.

Schrödinger reaffirmed its financial expectations for 2025, maintaining its second-quarter software revenue guidance. The company is well known for its advanced computational platform for molecular discovery, continues to drive innovation in drug development and materials science.

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