PTC Inc. has named Jennifer DiRico, formerly the chief financial officer of Commvault, as its new executive vice president and chief financial officer, effective January 1, 2026. DiRico will report directly to President and CEO Neil Barua and will oversee the company’s global finance organization.
The transition will be phased: Kristian Talvitie will remain in the CFO role through December 31, 2025, ensuring continuity as DiRico takes the helm.
DiRico’s appointment aligns with PTC’s ongoing focus on a subscription‑based business model and its investment in artificial‑intelligence and product‑data initiatives. Management expects her experience in high‑growth technology firms to strengthen capital structure management, drive free‑cash‑flow generation, and support future investment in AI and product‑data capabilities.
CEO Neil Barua said, “Jen has a proven track record of leading high‑performing teams through periods of transformation and growth. Her leadership at the intersection of finance and operations will be invaluable to PTC as we advance our Intelligent Product Lifecycle vision.” DiRico added, “I’m excited to partner with Neil and the global team to capture our growth opportunity while maintaining strong financial discipline to deliver meaningful results.”
PTC’s recent quarterly results showed robust revenue growth and solid free‑cash‑flow generation, and the company reaffirmed its financial guidance for fiscal year 2026 and the first quarter of 2026. The guidance reaffirmation signals management confidence in the company’s trajectory and its ability to sustain growth while maintaining disciplined capital allocation.
PTC’s revenue mix includes CAD, PLM, ALM, SLM, and SaaS segments, with subscription revenue growing year over year. DiRico will oversee financial strategy across these segments, ensuring that capital allocation aligns with the company’s strategic priorities and subscription expansion goals.
The CFO appointment signals PTC’s continued commitment to financial discipline and its strategic emphasis on AI and product‑data investments. By bringing in a leader with a strong track record in high‑growth technology firms, PTC aims to strengthen its capital structure, enhance free‑cash‑flow generation, and support the execution of its Intelligent Product Lifecycle vision.
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