D-Wave CFO John Markovich to resign; Greg Gorkov named acting CFO

【Article Title】 D-Wave CFO John Markovich to resign; Greg Gorkov named acting CFO 【Article Body】 AI TRANSLATION This article is an AI-generated translation of the original Japanese article. For the authoritative version, please refer to the original. Read the original Japanese article → (https://quantumindex.jp/d-wave-cfo-resignation-greg-golkov-acting-cfo/) D-Wave Quantum announced on August 25, 2026, that Chief Financial Officer John Markovich will resign effective September 2, 2026, as a result of his retirement. Greg Gorkov, Senior Vice President, Finance, will serve as acting CFO. ✍️ Quantum Index Analysis The following explains the technical and business implications behind the announcement, and highlights evaluation points that numbers and headlines alone may not reveal. Read our analysis ↓ Announcement summary Markovich led D-Wave’s finance organization for the past five years and was involved in the company’s 2022 public listing and more than $900 million in capital raises. According to the company, his resignation is not the result of any disagreement over business operations, accounting policies, financial statements, disclosures, financial reporting, or internal control over financial reporting. Gorkov, who will serve as acting CFO, has more than 25 years of finance and accounting experience at public companies and technology firms backed by private equity. Since May 2023 he has been D-Wave’s Senior Vice President, Finance, responsible for accounting, U.S. Securities and Exchange Commission (SEC) reporting, financial planning and analysis, treasury, and tax. In addition to acting as CFO, he will assume principal responsibility for the company’s finance and accounting functions. Key points • John Markovich will resign as CFO and retire effective September 2, 2026. • Greg Gorkov will serve as acting CFO and as the company’s principal finance and accounting officer. • The resignation is not due to disagreements with the company over accounting policy, financial reporting, or internal controls. • Markovich was involved in the 2022 IPO and in raising over $900 million in capital. Implications for technology and business This personnel change signals a transition in D-Wave’s finance leadership. Appointing Gorkov—who has overseen accounting, SEC reporting, and treasury internally—as acting CFO suggests the company prioritized continuity in financial reporting and internal control. No changes to quantum computing technology or the product roadmap were announced, and the company has not disclosed a plan for selecting a permanent CFO or any future funding strategy. What to watch next Key near-term items will be whether the company announces a process and timeline for selecting a permanent CFO. In upcoming financial filings, observers will look for evidence that disclosure processes and internal controls have been smoothly transferred, and for concrete indications of the company’s path to profitability and its capital-raising plans. ✍️ Quantum Index Analysis This CFO resignation should be viewed in conjunction with the August 17 appointment of Kevan P. Krysler to D-Wave’s board and audit committee (https://en.quantumindex.jp/dwave-kevan-krysler-board-audit-committee/). The company announced Krysler’s board and audit committee appointment on August 17, and eight days later announced the departure of Markovich, who led the finance organization for five years. There is no public indication that the two appointments are directly related, and the company has explicitly denied that Markovich’s resignation stems from disagreements over accounting policy, financial reporting, or internal controls. That said, the near-concurrent strengthening of the board’s finance and audit function with Krysler’s appointment and the internal succession to Gorkov as acting CFO can be seen as a reconfiguration of financial governance. The important question is not the individual moves themselves but whether this represents a temporary handover or a longer-term restructuring of the finance organization and strategy. The selection of a permanent CFO, and how Krysler exercises his role on the audit committee—potentially affecting capital allocation, disclosure practices, and post-acquisition integration—will be key indicators for judging the relationship between the two personnel changes. Related articles • D-Wave appoints Kevan P. Krysler to board and audit committee (https://en.quantumindex.jp/dwave-kevan-krysler-board-audit-committee/) • OptQC appoints Michihiro Maeda as executive CFO to strengthen finance for photonic quantum computer commercialization (https://en.quantumindex.jp/optqc-michihiro-maeda-cfo/) • OptQC raises ¥7 billion in Series A2 to develop a 10,000-qubit-scale photonic quantum processor (https://en.quantumindex.jp/optqc-series-a2-7-billion-yen-funding/) Source Read the original announcement (https://www.dwavequantum.com/company/newsroom/press-release/d-wave-announces-the-resignation-of-chief-financial-officer/) If you found this article useful, please consider sharing it. ──────────────────── 【AI Evaluation Request】 Evaluate the following article critically, not based on the quality of its writing, but on its **original informational value as a specialist publication**. Do not give a high rating to summaries, paraphrases, explanations of technical terms, or generic observations such as "this will be worth watching" or "the timeline remains uncertain" if they could easily be produced by a general-purpose generative AI, even if they are well written. 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D-Wave Quantum announced on August 25, 2026, that Chief Financial Officer John Markovich will resign effective September 2, 2026, as a result of his retirement. Greg Gorkov, Senior Vice President, Finance, will serve as acting CFO.

Announcement summary

Markovich led D-Wave’s finance organization for the past five years and was involved in the company’s 2022 public listing and more than $900 million in capital raises. According to the company, his resignation is not the result of any disagreement over business operations, accounting policies, financial statements, disclosures, financial reporting, or internal control over financial reporting. Gorkov, who will serve as acting CFO, has more than 25 years of finance and accounting experience at public companies and technology firms backed by private equity. Since May 2023 he has been D-Wave’s Senior Vice President, Finance, responsible for accounting, U.S. Securities and Exchange Commission (SEC) reporting, financial planning and analysis, treasury, and tax. In addition to acting as CFO, he will assume principal responsibility for the company’s finance and accounting functions.

Key points

• John Markovich will resign as CFO and retire effective September 2, 2026.
• Greg Gorkov will serve as acting CFO and as the company’s principal finance and accounting officer.
• The resignation is not due to disagreements with the company over accounting policy, financial reporting, or internal controls.
• Markovich was involved in the 2022 IPO and in raising over $900 million in capital.

Implications for technology and business

This personnel change signals a transition in D-Wave’s finance leadership. Appointing Gorkov—who has overseen accounting, SEC reporting, and treasury internally—as acting CFO suggests the company prioritized continuity in financial reporting and internal control. No changes to quantum computing technology or the product roadmap were announced, and the company has not disclosed a plan for selecting a permanent CFO or any future funding strategy.

What to watch next

Key near-term items will be whether the company announces a process and timeline for selecting a permanent CFO. In upcoming financial filings, observers will look for evidence that disclosure processes and internal controls have been smoothly transferred, and for concrete indications of the company’s path to profitability and its capital-raising plans.

✍️ Quantum Index Analysis

This CFO resignation should be viewed in conjunction with the August 17 appointment of Kevan P. Krysler to D-Wave’s board and audit committee. The company announced Krysler’s board and audit committee appointment on August 17, and eight days later announced the departure of Markovich, who led the finance organization for five years.

There is no public indication that the two appointments are directly related, and the company has explicitly denied that Markovich’s resignation stems from disagreements over accounting policy, financial reporting, or internal controls. That said, the near-concurrent strengthening of the board’s finance and audit function with Krysler’s appointment and the internal succession to Gorkov as acting CFO can be seen as a reconfiguration of financial governance.

The important question is not the individual moves themselves but whether this represents a temporary handover or a longer-term restructuring of the finance organization and strategy. The selection of a permanent CFO, and how Krysler exercises his role on the audit committee—potentially affecting capital allocation, disclosure practices, and post-acquisition integration—will be key indicators for judging the relationship between the two personnel changes.

Related articles

• D-Wave appoints Kevan P. Krysler to board and audit committee
• OptQC appoints Michihiro Maeda as executive CFO to strengthen finance for photonic quantum computer commercialization
• OptQC raises ¥7 billion in Series A2 to develop a 10,000-qubit-scale photonic quantum processor

Source

Read the original announcement