PTC Welcomes Jennifer DiRico as New CFO in Key Leadership Transition

PTC Announces CFO Transition

PTC, a leader in product lifecycle management software, has made a significant change in its leadership by appointing Jennifer DiRico as the new Executive Vice President and Chief Financial Officer (CFO). This transition, effective from January 1, 2026, positions DiRico to spearhead the global finance operations of the company, reporting directly to President and CEO Neil Barua.

DiRico brings a wealth of experience to PTC, having a proven record in both finance and business operations. Currently, she is the CFO at Commvault, a company recognized for its focus on cyber resilience. Her previous experience includes pivotal roles at Toast, where she not only managed finance but also guided the company through a successful IPO and international expansion. In her new role at PTC, DiRico is set to leverage her financial acumen to navigate the company through its next phase of growth, focusing on its Intelligent Product Lifecycle vision.

Barua expressed optimism about DiRico's appointment, highlighting her history of leading high-performing teams during transformational periods. He noted that her expertise would be invaluable as PTC continues addressing pressing challenges for its customers while driving sustainable value for shareholders. Barua also acknowledged the contributions of the outgoing CFO, Kristian Talvitie, who will remain in the position until the end of 2025. Talvitie's leadership was instrumental in PTC's shift toward a subscription-based business model, and he has been crucial in maintaining the company's free cash flow.

In her initial statements regarding the appointment, DiRico emphasized PTC's critical role in assisting businesses with their digital transformations, catering to a wide range of clients from large-scale enterprises to innovative startups. She expressed excitement about collaborating with Barua and the global team to capitalize on growth opportunities while adhering to strong financial discipline to ensure successful outcomes for PTC.

The announcement also confirmed that PTC's financial guidance for the fiscal year 2026 and the first fiscal quarter remains unchanged from previous disclosures made in November 2025. This assurance reflects PTC's strategic focus on maintaining stability even amidst leadership transitions.

Jennifer DiRico's expansive career includes nearly a decade spent at Toast, a platform known for its comprehensive SaaS products tailored specifically for the restaurant industry. Her background also features finance roles at Nuance Communications and Passkey International.

As PTC navigates the future of product lifecycle management and digital transformation, the appointment of DiRico indicates a focus on leadership continuity in achieving its objectives. With a dedicated team, she aims to build upon PTC's existing momentum while exploring new avenues for growth and innovation, ensuring that the company remains at the forefront of the software industry.

In summary, Jennifer DiRico's arrival as CFO marks a new chapter for PTC as it aims to expand its influence in the product lifecycle management domain. Her extensive background and strategic vision are expected to play a critical role in facilitating the company's future successes.