Chewy Promotes Chris Deppe to CFO Amid Margin Expansion Push…

Event summary

Chewy appoints Chris Deppe as CFO, effective February 24, 2026; he previously led corporate and commercial finance functions.
Deppe joined Chewy in 2022 from Amazon, where he held senior finance roles for 16 years.
Company reaffirms fiscal year 2025 guidance and long-term target of 10% adjusted EBITDA margin.
Interim Principal Financial Officer Will Billings transitions to Chief Accounting Officer role.

The big picture

Chewy's promotion of Chris Deppe to CFO underscores its focus on operational rigor and capital efficiency as it targets a 10% adjusted EBITDA margin. The move comes amid broader industry trends of e-commerce players prioritizing profitability over growth, particularly in the competitive pet care sector where Chewy operates. Deppe's extensive experience at Amazon suggests a potential emphasis on supply chain optimization and large-scale cost management strategies.

What we're watching

Execution Risk: How Deppe's operational expertise will translate to financial discipline amid Chewy's margin expansion goals.
Strategic Alignment: Whether Deppe's Amazon background will influence Chewy's supply chain and cost optimization strategies.
Governance Dynamics: The pace at which Chewy integrates Deppe's leadership into its long-term financial planning.