Schrodinger Inc. (SDGR) Announces CFO Retirement

Schrödinger (Nasdaq: SDGR), whose physics-based software platform is transforming the way therapeutics and materials are discovered, today announced that Joel Lebowitz is retiring from his position as chief financial officer. Mr. Lebowitz will remain in his role as chief financial officer until February 28, 2022, to ensure a smooth transition, and Schrödinger will immediately begin a search for his successor.

“I want to thank Joel for his incredible commitment and service over the past three years, during which time Schrödinger debuted as a public company, secured significant financing, and strengthened its balance sheet to support continued investments across our business,” stated Ramy Farid, Ph.D., chief executive officer at Schrödinger. “During his tenure, Joel not only helped create our strong financial profile, but also continued to build our finance team and established the investor relations and corporate affairs function. We wish him the very best in his future endeavors.”

“I am so proud of all that we have been able to accomplish at Schrödinger over the last three years as we increased adoption of our software platform in drug discovery and materials science, advanced our collaborative programs and expanded our internal pipeline,” said Mr. Lebowitz. “With a strong team in place and the company well-capitalized to support further investments, I can retire confident that Schrodinger is well positioned for continued success in the future.”

Schrödinger is reaffirming its financial guidance for the full year 2021, previously provided in its third quarter financial results press release and conference call on November 10, 2021.

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