From Yahoo Finance: 2025-05-12 10:42:00

Chewy Inc. CFO David Reeder will leave the company to become a CEO in the semiconductor industry. He will stay as CFO until June, assisting with the transition. Reeder previously worked at GlobalFoundries and other companies. Chewy reported a 6% YoY increase in net sales for 2024.

Keith Gill, known as Roaring Kitty, was Chewy’s third-largest shareholder in 2024. Gill played a role in the GameStop short squeeze and is connected to Ryan Cohen, Chewy’s co-founder. Chewy ended 2024 with 20.5 million active customers, marking growth after eight quarters.

CEO Sumit Singh thanked Reeder for his contributions at Chewy. The company reaffirmed its guidance for Q1 2025, expected to be reported on June 11. Chewy anticipates net sales between $3.06 billion to $3.09 billion for the quarter, representing 6% to 7% growth YoY. Chewy did not respond to requests for comment.

Read more: Chewy CFO resigns; looks to return to semiconductor industry