Procore Appoints New CFO and CRO, Reaffirms FY26 Financial Guidance

summarizeSummary

Procore Technologies announced the appointment of Rachel Pyles as Chief Financial Officer and Robert Walter Hearn as Chief Revenue Officer, effective April 1, 2026, while also reaffirming its Q1 and full-year 2026 financial guidance.

check_boxKey Events

• New CFO and CRO Appointed

  Rachel Pyles was named Chief Financial Officer Designate, effective March 10, 2026, and will become CFO and Treasurer on April 1, 2026. Robert Walter Hearn was named Chief Revenue Officer Designate, effective March 10, 2026, and will become CRO on April 1, 2026.

• Smooth Leadership Transition

  Current CFO Howard Fu and CRO Lawrence Stack will transition into strategic advisory roles after April 1, 2026, to support the new executives.

• Experienced Leadership Hires

  Ms. Pyles brings over 20 years of finance leadership experience from Ansys, FIS, and Worldpay. Mr. Hearn has 18 years of sales leadership experience, including as head of worldwide sales at Ansys.

• Guidance Reaffirmed

  The company reaffirmed its first quarter fiscal 2026 and full-year fiscal 2026 financial guidance, which was previously announced on February 12, 2026.

auto_awesomeAnalysis

The appointment of seasoned executives Rachel Pyles and Robert Walter Hearn to critical C-suite roles signals a strategic move to strengthen Procore's leadership team. Ms. Pyles brings extensive finance experience from Ansys and FIS, while Mr. Hearn has a strong track record in sales leadership. The smooth transition of the outgoing CFO and CRO into advisory roles minimizes disruption. Crucially, the reaffirmation of financial guidance for Q1 and full-year 2026 alongside these leadership changes provides investors with confidence in the company's operational stability and ability to meet its financial targets, indicating management's strong belief in the company's trajectory despite the executive transitions.