Chewy Appoints Internal VP Chris Deppe as CFO, Reaffirms Financial Outlook
Summary
Chewy, Inc. announced the appointment of Chris Deppe, previously VP of Finance, as its new Chief Financial Officer, effective February 23, 2026, and simultaneously reaffirmed its financial guidance for fiscal years 2025 and 2026.
Key Events
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New Chief Financial Officer Appointed
Chris Deppe, previously Chewy's Vice President of Finance, was appointed Chief Financial Officer and principal financial officer, effective February 23, 2026. He brings over 20 years of finance and operations leadership experience, including 16 years at Amazon.
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Interim Principal Financial Officer Transition
William Billings transitioned from interim principal financial officer back to his role as Chief Accounting Officer, with the company stating his removal was not due to any disagreement.
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Significant Equity Grant for New CFO
Mr. Deppe will receive a one-time equity grant valued at $8,781,141, vesting over four years, in addition to an annual base salary of $450,000 and a target annual bonus of 100% of eligible earnings.
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Financial Outlook Reaffirmed
Chewy reaffirmed its guidance for fiscal year 2025 and expressed confidence in fiscal year 2026, maintaining its long-term plan for a 10% Adjusted EBITDA margin.
Analysis
The appointment of Chris Deppe, an internal candidate with extensive finance and operations experience from both Chewy and Amazon, brings stability and continuity to a critical executive role. His promotion from within, following a rigorous search, suggests a strong understanding of Chewy's operations and strategic priorities. The accompanying reaffirmation of the company's long-term plan and financial outlook for fiscal years 2025 and 2026 is a significant positive signal, indicating management's confidence in its business momentum and path to profitability. This news should reassure investors about the company's leadership and financial trajectory.
At the time of this filing, CHWY was trading at $24.80 on NYSE in the Trade & Services sector, with a market capitalization of approximately $10.3B. The 52-week trading range was $23.06 to $48.62. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.