Chewy, Inc. has announced the appointment of William Billings as the new Chief Accounting Officer (CAO) and principal accounting officer (PAO), effective August 12, 2024. The decision was made by the Board of Directors on August 5, 2024, the same day they removed David Reeder from his interim positions as CAO and PAO. Reeder will continue his role as the company's Chief Financial Officer. Billings brings extensive experience to Chewy, having previously held senior finance and accounting positions at GlobalFoundries, Inc., Coursera, Inc., Airbnb, Inc., World Fuel Services Corporation, General Electric Company, and McDermott International Ltd. He is also a board member of Knightscope, Inc. and Sucro Sourcing LLC, holds a CPA certification, and has academic credentials from Southern University A&M and...Show More

Chewy, Inc. has announced the appointment of William Billings as the new Chief Accounting Officer (CAO) and principal accounting officer (PAO), effective August 12, 2024. The decision was made by the Board of Directors on August 5, 2024, the same day they removed David Reeder from his interim positions as CAO and PAO. Reeder will continue his role as the company's Chief Financial Officer. Billings brings extensive experience to Chewy, having previously held senior finance and accounting positions at GlobalFoundries, Inc., Coursera, Inc., Airbnb, Inc., World Fuel Services Corporation, General Electric Company, and McDermott International Ltd. He is also a board member of Knightscope, Inc. and Sucro Sourcing LLC, holds a CPA certification, and has academic credentials from Southern University A&M and Rice University. Billings' compensation package includes a $400,000 annual base salary, eligibility for a new hire equity grant valued at $1,100,000, an additional equity grant worth $2,100,000, participation in the Annual Short-Term Incentive Plan with a target bonus of 75% of eligible earnings, and an annual equity grant valued at 275% of his base salary. He will also have access to the company's benefit programs and unlimited paid time off. The RSUs and performance-based RSUs are subject to Board approval and the terms of award agreements consistent with those issued to other officers. Additionally, Chewy disclosed that former CAO and PAO Stacy Bowman resigned on August 9, 2024, and has entered into a separation agreement with the company, which includes a lump sum severance payment of $249,000.