{"success":true,"data":{"pressRelease":{"id":"171857","rtpr_id":"nGNX6DhNqZ-20261016","ticker":"WWD","exchange":"NASDAQ","all_tickers":["WWD"],"title":"UPDATE - Woodward Appoints Paxton McVoy as Chief Information Officer","author":"Globe Newswire","published_at":"2026-10-16T20:40:27.090Z","article_body":"FORT COLLINS, Colo., Oct. 16, 2026 (GLOBE NEWSWIRE) -- Woodward (NASDAQ: WWD),\na global leader in aerospace and industrial energy control solutions, today\nannounced the appointment of Paxton McVoy as Executive Vice President and\nChief Information Officer (CIO), effective Oct. 19, 2026. He will join the\ncompany's Executive Leadership Team, reporting directly to Chief Executive\nOfficer Chip Blankenship.\n\nIn this newly created role, McVoy will lead Woodward's global information\ntechnology organization and set the direction for the company’s digital\nstrategy, including enterprise resource planning (ERP), data and analytics,\nartificial intelligence, cybersecurity, and technology-enabled business\ntransformation.\n\nMcVoy joins Woodward from Veralto, where he was Senior Vice President and\nChief Information Officer. Following Veralto's separation from Danaher, he led\nthe new public company's global technology strategy and operations and helped\nbuild Veralto's technology organization after the company became independent.\nHis responsibilities included enterprise technology, cybersecurity, data and\nAI, infrastructure, procurement, and oversight of the ERP portfolio across 13\noperating companies. Earlier in his career, he held senior IT leadership roles\nat Medtronic, including Vice President and CIO for the company's Surgical\nInnovations business. He also previously was instrumental in leading\nMedtronic's transition from Oracle to SAP. \n\n\"Paxton has a proven history of using technology to improve business\nperformance and leading digital transformation across complex global\norganizations like ours. In this role he will help us to set the direction for\nhow information technology will support our long-term growth strategy,\" said\nChip Blankenship, Chairman and Chief Executive Officer of Woodward. \"His\nexperience shaping enterprise technology strategy, advancing AI capabilities,\nand building strong teams will help us strengthen Woodward's digital\nfoundation in line with our efforts to serve customers and create shareholder\nvalue.\"\n\n\"I am looking forward to joining Woodward at an important point in the\ncompany's growth,\" said McVoy. \"Woodward's focus on innovation, operational\nexcellence, and creating value for customers and shareholders creates a real\nopportunity to use technology as a strategic advantage. I look forward to\nworking with the leadership team and Woodward members around the world to help\nensure the success of the company's digital transformation.\"\n\nMcVoy holds a Bachelor of Arts in Business from Otterbein University and an\nMBA from The Ohio State University.\n\nAbout Woodward, Inc.\n\nWoodward is the global leader in the design, manufacture, and service of\nenergy conversion and control solutions for the aerospace and industrial\nequipment markets. Our purpose is to design and deliver energy control\nsolutions our partners count on to power a clean future. Our innovative fluid,\ncombustion, electrical, propulsion, and motion control systems perform in some\nof the world’s harshest environments. Woodward is a global company\nheadquartered in Fort Collins, Colorado, USA. Visit our website at\nwww.woodward.com.\n\nMedia Contact:\n\nJennifer Regina\nVP Communications \n+1 970-559-8840\njennifer.regina@woodward.com\n\nInvestor Relations: \nDan Provaznik\nDirector, Investor Relations \n970-498-3849\ndan.Provaznik@Woodward.com\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/bd9ff209-69c4-489c-ad83-13b36cff2204. \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3044afab-2c3e-490d-83db-e461a429c66c)\nWoodward Appoints Paxton McVoy as Chief Information Officer \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bd9ff209-69c4-489c-ad83-13b36cff2204/en)\nPaxton McVoy to join Woodward as CIO\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6DhNqZ-20261016","title":"UPDATE - Woodward Appoints Paxton McVoy as Chief Information Officer","author":"Globe Newswire","ticker":"WWD","created":"2026-10-16T20:40:27.090Z","tickers":["WWD"],"exchange":"NASDAQ","article_body":"FORT COLLINS, Colo., Oct. 16, 2026 (GLOBE NEWSWIRE) -- Woodward (NASDAQ: WWD),\na global leader in aerospace and industrial energy control solutions, today\nannounced the appointment of Paxton McVoy as Executive Vice President and\nChief Information Officer (CIO), effective Oct. 19, 2026. He will join the\ncompany's Executive Leadership Team, reporting directly to Chief Executive\nOfficer Chip Blankenship.\n\nIn this newly created role, McVoy will lead Woodward's global information\ntechnology organization and set the direction for the company’s digital\nstrategy, including enterprise resource planning (ERP), data and analytics,\nartificial intelligence, cybersecurity, and technology-enabled business\ntransformation.\n\nMcVoy joins Woodward from Veralto, where he was Senior Vice President and\nChief Information Officer. Following Veralto's separation from Danaher, he led\nthe new public company's global technology strategy and operations and helped\nbuild Veralto's technology organization after the company became independent.\nHis responsibilities included enterprise technology, cybersecurity, data and\nAI, infrastructure, procurement, and oversight of the ERP portfolio across 13\noperating companies. Earlier in his career, he held senior IT leadership roles\nat Medtronic, including Vice President and CIO for the company's Surgical\nInnovations business. He also previously was instrumental in leading\nMedtronic's transition from Oracle to SAP. \n\n\"Paxton has a proven history of using technology to improve business\nperformance and leading digital transformation across complex global\norganizations like ours. In this role he will help us to set the direction for\nhow information technology will support our long-term growth strategy,\" said\nChip Blankenship, Chairman and Chief Executive Officer of Woodward. \"His\nexperience shaping enterprise technology strategy, advancing AI capabilities,\nand building strong teams will help us strengthen Woodward's digital\nfoundation in line with our efforts to serve customers and create shareholder\nvalue.\"\n\n\"I am looking forward to joining Woodward at an important point in the\ncompany's growth,\" said McVoy. \"Woodward's focus on innovation, operational\nexcellence, and creating value for customers and shareholders creates a real\nopportunity to use technology as a strategic advantage. I look forward to\nworking with the leadership team and Woodward members around the world to help\nensure the success of the company's digital transformation.\"\n\nMcVoy holds a Bachelor of Arts in Business from Otterbein University and an\nMBA from The Ohio State University.\n\nAbout Woodward, Inc.\n\nWoodward is the global leader in the design, manufacture, and service of\nenergy conversion and control solutions for the aerospace and industrial\nequipment markets. Our purpose is to design and deliver energy control\nsolutions our partners count on to power a clean future. Our innovative fluid,\ncombustion, electrical, propulsion, and motion control systems perform in some\nof the world’s harshest environments. Woodward is a global company\nheadquartered in Fort Collins, Colorado, USA. Visit our website at\nwww.woodward.com.\n\nMedia Contact:\n\nJennifer Regina\nVP Communications \n+1 970-559-8840\njennifer.regina@woodward.com\n\nInvestor Relations: \nDan Provaznik\nDirector, Investor Relations \n970-498-3849\ndan.Provaznik@Woodward.com\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/bd9ff209-69c4-489c-ad83-13b36cff2204. \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3044afab-2c3e-490d-83db-e461a429c66c)\nWoodward Appoints Paxton McVoy as Chief Information Officer \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bd9ff209-69c4-489c-ad83-13b36cff2204/en)\nPaxton McVoy to join Woodward as CIO\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-16T20:40:27.123430624Z","server_sent_at_ms":1792183227123},"received_at":"2026-10-16T20:40:27.174Z","source_url":null},"analysis":{"id":"160009","press_release_id":"171857","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":[],"eventType":"executive_change","narrative":"Woodward appointed Paxton McVoy as Executive Vice President and Chief Information Officer, effective October 19, 2026, in a newly created role reporting to CEO Chip Blankenship.\n\nMcVoy joins from Veralto, where he was SVP and CIO and built the company's global technology organization following its separation from Danaher; he previously held senior IT leadership roles at Medtronic.\n\nHe will lead Woodward's global IT organization and set digital strategy across ERP, data and analytics, AI, cybersecurity, and technology-enabled business transformation.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Newly created CIO role with a Veralto/Danaher lineage signals Woodward is prioritizing ERP and AI-driven digital transformation."},"keyFigures":{"customDimensions":{"effective_date":"Oct. 19, 2026"}},"quotedText":"Paxton has a proven history of using technology to improve business performance and leading digital transformation across complex global organizations like ours.","namedEntities":{"people":[{"name":"Paxton McVoy","role":"Executive Vice President and Chief Information Officer (incoming)"},{"name":"Chip Blankenship","role":"Chairman and CEO"},{"name":"Jennifer Regina","role":"VP Communications"},{"name":"Dan Provaznik","role":"Director, Investor Relations"}],"products":[],"companies":[{"name":"Woodward, Inc.","ticker":"WWD","relationship":"filer"},{"name":"Veralto","relationship":"McVoy's prior employer"},{"name":"Danaher","relationship":"Veralto's former parent"},{"name":"Medtronic","relationship":"McVoy's earlier employer"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"CIO appointment in a newly created role — a routine executive hire, not a CEO/CFO departure. Positive signal for digital/ERP strategy but not market-moving."},"tickerRelevance":{"others":[],"primary":"WWD"},"globalImportance":12,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap industrial","eventGravity":"routine executive appointment (CIO, newly created role)","departureSeverity":"none — no departure or successor gap","householdBrandBoost":"low"}},"event_type":"executive_change","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Woodward appointed Paxton McVoy as Executive Vice President and Chief Information Officer, effective October 19, 2026, in a newly created role reporting to CEO Chip Blankenship.\n\nMcVoy joins from Veralto, where he was SVP and CIO and built the company's global technology organization following its separation from Danaher; he previously held senior IT leadership roles at Medtronic.\n\nHe will lead Woodward's global IT organization and set digital strategy across ERP, data and analytics, AI, cybersecurity, and technology-enabled business transformation.","key_figures":{"customDimensions":{"effective_date":"Oct. 19, 2026"}},"named_entities":{"people":[{"name":"Paxton McVoy","role":"Executive Vice President and Chief Information Officer (incoming)"},{"name":"Chip Blankenship","role":"Chairman and CEO"},{"name":"Jennifer Regina","role":"VP Communications"},{"name":"Dan Provaznik","role":"Director, Investor Relations"}],"products":[],"companies":[{"name":"Woodward, Inc.","ticker":"WWD","relationship":"filer"},{"name":"Veralto","relationship":"McVoy's prior employer"},{"name":"Danaher","relationship":"Veralto's former parent"},{"name":"Medtronic","relationship":"McVoy's earlier employer"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-16T20:40:31.979Z","global_importance":12,"audience_relevance":15,"importance_components":{"tickerTier":"mid-cap industrial","eventGravity":"routine executive appointment (CIO, newly created role)","departureSeverity":"none — no departure or successor gap","householdBrandBoost":"low"}},"durationMs":4836,"modelName":"glm-5.3-flashx"}}