Woodward appoints Paxton McVoy as Executive Vice President and CIO to enhance digital strategy and technology leadership.
Quiver AI Summary
Woodward has announced the appointment of Paxton McVoy as Executive Vice President and Chief Information Officer, effective October 19, 2026. McVoy will join the Executive Leadership Team and report directly to CEO Chip Blankenship, taking on the newly created role that focuses on leading the company's global information technology organization and driving its digital strategy, encompassing areas such as ERP, AI, and cybersecurity. Prior to joining Woodward, McVoy was the CIO at Veralto, where he developed its technology strategy after its separation from Danaher. He has also held senior IT roles at Medtronic. Blankenship emphasized McVoy's experience in digital transformation and technology strategy as vital to Woodward's growth plans. McVoy expressed his enthusiasm for the role, highlighting the opportunity to leverage technology for strategic advantage as Woodward focuses on innovation and customer value.
Potential Positives
- The appointment of Paxton McVoy as Executive Vice President and Chief Information Officer (CIO) signals a strategic commitment to enhancing the company's digital capabilities and technology leadership.
Potential Negatives
- Appointment of a new Executive Vice President and CIO could indicate previous leadership gaps or issues within the IT department that necessitated a restructuring.
- The press release does not provide details on McVoy's specific plans or timeline for the digital strategy, which may raise concerns about the clarity and direction of Woodward's future technological initiatives.
- There is no mention of how McVoy's previous experiences will be directly applied to Woodward, leaving questions about his fit for the role and potential for immediate impact.
FAQ
What is Paxton McVoy's new role at Woodward?
Paxton McVoy has been appointed as Executive Vice President and Chief Information Officer, effective Oct. 19, 2026.
What will McVoy oversee at Woodward?
He will lead Woodward's global information technology organization and set the direction for the company's digital strategy.
Where did McVoy work before joining Woodward?
McVoy was previously Senior Vice President and Chief Information Officer at Veralto.
What departments will McVoy's role impact?
His role will impact enterprise resource planning, data and analytics, artificial intelligence, cybersecurity, and business transformation.
What is Woodward's focus as a company?
Woodward focuses on energy control solutions and aims to power a clean future through innovation and operational excellence.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WWD Insider Trading Activity
$WWD insiders have traded $WWD stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.
Here’s a breakdown of recent trading of $WWD stock by insiders over the last 6 months:
- DANIEL G. KORTE has made 0 purchases and 4 sales selling 14,700 shares for an estimated $5,233,910.
- SHAWN M MCLEVIGE (EVP and President, Aerospace) sold 2,150 shares for an estimated $767,163
- KARRIE M. BEM (EVP, Gen Counsel & Corp Sec) has made 0 purchases and 4 sales selling 929 shares for an estimated $336,070.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$WWD Revenue
$WWD had revenues of $1.1B in Q3 2026. This is an increase of 21.22% from the same period in the prior year.
You can track WWD financials on Quiver Quantitative's WWD stock page.
You can access data on WWD stock through the Quiver Quantitative API.
$WWD Hedge Fund Activity
We have seen 369 institutional investors add shares of $WWD stock to their portfolio, and 336 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- EAGLE CAPITAL MANAGEMENT LLC removed 2,428,791 shares (-98.6%) from their portfolio in Q2 2026, for an estimated $1,033,304,843
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,223,021 shares (+inf%) to their portfolio in Q2 2026, for an estimated $520,322,054
- BLACKROCK, INC. added 700,940 shares (+11.1%) to their portfolio in Q2 2026, for an estimated $298,207,913
- WINSLOW CAPITAL MANAGEMENT, LLC added 690,171 shares (+inf%) to their portfolio in Q2 2026, for an estimated $293,626,350
- NAYA CAPITAL MANAGEMENT UK LTD removed 677,419 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $288,201,139
- FMR LLC added 602,112 shares (+27.3%) to their portfolio in Q2 2026, for an estimated $256,162,529
- JPMORGAN CHASE & CO added 471,742 shares (+inf%) to their portfolio in Q2 2026, for an estimated $200,697,916
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$WWD Price Targets
Multiple analysts have issued price targets for $WWD recently. We have seen 3 analysts offer price targets for $WWD in the last 6 months, with a median target of $423.0.
Here are some recent targets:
- Charles Minervino from Susquehanna set a target price of $423.0 on 05/26/2026
- Alexandra Mandery from Truist Securities set a target price of $415.0 on 05/05/2026
- Gavin Parsons from UBS set a target price of $429.0 on 04/30/2026
Full Release
FORT COLLINS, Colo., Oct. 16, 2026 (GLOBE NEWSWIRE) -- Woodward (NASDAQ: WWD), a global leader in aerospace and industrial energy control solutions, today announced the appointment of Paxton McVoy as Executive Vice President and Chief Information Officer (CIO), effective Oct. 19, 2026. He will join the company's Executive Leadership Team, reporting directly to Chief Executive Officer Chip Blankenship.
In this newly created role, McVoy will lead Woodward's global information technology organization and set the direction for the company’s digital strategy, including enterprise resource planning (ERP), data and analytics, artificial intelligence, cybersecurity, and technology-enabled business transformation.
McVoy joins Woodward from Veralto, where he was Senior Vice President and Chief Information Officer. Following Veralto's separation from Danaher, he led the new public company's global technology strategy and operations and helped build Veralto's technology organization after the company became independent. His responsibilities included enterprise technology, cybersecurity, data and AI, infrastructure, procurement, and oversight of the ERP portfolio across 13 operating companies. Earlier in his career, he held senior IT leadership roles at Medtronic, including Vice President and CIO for the company's Surgical Innovations business. He also previously led Medtronic's transition from Oracle to SAP.
"Paxton has a proven history of using technology to improve business performance and leading digital transformation across complex global organizations like ours. In this role he will help us to set the direction for how information technology will support our long-term growth strategy," said Chip Blankenship, Chairman and Chief Executive Officer of Woodward. "His experience shaping enterprise technology strategy, advancing AI capabilities, and building strong teams will help us strengthen Woodward's digital foundation in line with our efforts to serve customers and create shareholder value."
"I am looking forward to joining Woodward at an important point in the company's growth," said McVoy. "Woodward's focus on innovation, operational excellence, and creating value for customers and shareholders creates a real opportunity to use technology as a strategic advantage. I look forward to working with the leadership team and Woodward members around the world to help ensure the success of the company's digital transformation."
McVoy holds a Bachelor of Arts in Business from Otterbein University and an MBA from The Ohio State University.
About Woodward, Inc.
Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion, and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com .
Media Contact:
Jennifer Regina
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Investor Relations:
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd9ff209-69c4-489c-ad83-13b36cff2204 .
