BOSTON, MA, USA, Dec 5, 2025 – PTC (NASDAQ: PTC) today announced that Jennifer DiRico has been appointed Executive Vice President and Chief Financial Officer, effective January 1, 2026. DiRico will report to President and Chief Executive Officer Neil Barua and lead the Company’s global finance organization. DiRico succeeds Kristian Talvitie, who will continue to serve as CFO through December 31, 2025. DiRico’s appointment is the culmination of a thorough executive search process.
DiRico is an accomplished finance and business operations leader with experience ranging from large-scale enterprise software organizations to high-growth technology companies. She currently serves as Chief Financial Officer of Commvault, a leading cyber resilience company. Prior to Commvault, DiRico spent several years at Toast in finance and operations leadership roles. She played a key role in Toast’s successful IPO and served as General Manager of the Company’s international business while leading its global expansion strategy.
“Jen has a proven track record of leading high-performing teams through periods of transformation and growth,” said Barua. “This track record, together with her leadership at the intersection of finance and operations, will be invaluable to PTC as we advance our Intelligent Product Lifecycle vision. I look forward to partnering with Jen as we build on our momentum to address our customers’ most pressing challenges and drive compelling, sustainable value for PTC’s shareholders.”
“PTC has a leading portfolio of product lifecycle software solutions and plays a critical role in its customers’ digital transformations, from the world’s largest, most complex organizations to the fast-growing startups redefining industries,” said DiRico. “I’m excited to partner with Neil and the global team and help PTC capture its growth opportunity while maintaining strong financial discipline to deliver meaningful results.”
Barua continued, “I want to express our sincerest gratitude to Kristian for his contributions to PTC, most notably his role in our transition to a subscription business model and the diligence he has brought to PTC’s free cash flow performance over the last several years. We wish him the best moving forward.”
About Jennifer DiRico
Jennifer DiRico is currently Chief Financial Officer of Commvault, a leading provider of cloud-based and on-premises cyber resilience and data security and recovery solutions for companies worldwide. Before joining Commvault in 2024, she served in senior finance and operating roles for nearly a decade at Toast, a comprehensive platform of software as a service (SaaS) products and financial technology solutions for restaurants. Prior to Toast, DiRico held finance positions at Nuance Communications and earlier at Passkey International.
About PTC
PTC (NASDAQ: PTC) is a global software company that enables industrial and manufacturing companies to digitally transform how they design, manufacture, and service the physical products that the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.
