Commvault Announces CFO Transition

Commvault (NASDAQ: CVLT) announced that Jen DiRico, Chief Financial Officer, will depart at the end of the calendar year and the company has begun an executive search for a successor.

Rhea-AI Summary

Commvault (NASDAQ: CVLT) announced that Jen DiRico, Chief Financial Officer, will depart at the end of the calendar year and the company has begun an executive search for a successor.

Until a new CFO is appointed, President and CEO Sanjay Mirchandani will oversee a newly established Office of the CFO staffed by Kevin White, Vice President of Finance, and Danielle Abrahamsen, Chief Accounting Officer. The company said there are no changes to its previously disclosed outlook from its second quarter results on October 28, 2025 and expects to report third quarter 2026 results at the end of January 2026.

Positive

• No change to previously disclosed outlook (Oct 28, 2025)
• Interim Office of the CFO staffed by existing senior finance leaders
• CEO personally overseeing finance transition

Negative

• CFO departure at year-end creates executive turnover
• Company initiated search for new CFO, implying transition period

Argus Dec 5 session

-0.29% close to close Open Argus

Details

News Market Reaction – CVLT

In the Dec 5 session, CVLT declined 0.29%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a planned CFO transition while emphasizing continuity, including a new Off...

Analysis

This announcement details a planned CFO transition while emphasizing continuity, including a new Office of the CFO and no changes to outlook from the October 28, 2025 Q2 earnings baseline. Recent filings highlighted revenue of $276.2M, ARR of $1,043.3M, and cash of $1,063.6M, suggesting the change occurs against a backdrop of solid reported metrics. Investors may watch for the timing and profile of the new CFO, future earnings consistency, and any shifts in capital allocation or strategic priorities.

Key Figures

Total revenue: $276.2M SaaS revenue: $80.0M ARR: $1,043.3M +5 more

Total revenue

$276.2M

Fiscal Q2 2025 revenue, up from $233.3M a year ago

SaaS revenue

$80.0M

Fiscal Q2 2025 SaaS revenue, up from $49.6M prior year

ARR

$1,043.3M

Fiscal Q2 2025 ARR, up 22% year over year

Cash & equivalents

$1,063.6M

Quarter-end cash and cash equivalents in latest 10-Q

Convertible notes

$900.0M

0% convertible senior notes due 2030 issued in latest quarter

Cash from operations

$108.5M

Operating cash flow in latest reported quarter

Q3 2026 results timing

End of January 2026

Company expects to report third quarter 2026 results

Q2 earnings release date

October 28, 2025

Date of second quarter earnings results referenced as outlook baseline

Historical Context

5 past events · Latest: Dec 02

5 events

1. Dec 02

   AWS partner award

   24h Move

   +1.9%

   Recognized as 2025 AWS Global Storage Partner of the Year.

2. Dec 01

   AWS competency

   24h Move

   -1.8%

   Achieved AWS Resilience Competency in Recovery category.

3. Nov 13

   Conference showcase

   24h Move

   -0.8%

   Showcased cyber resilience solutions at Microsoft Ignite 2025.

4. Nov 12

   Partner awards

   24h Move

   -0.8%

   Announced Commvault Fearless Awards recognizing global partners.

5. Nov 12

   Product innovation

   24h Move

   -0.7%

   Announced new recovery innovations in Commvault Cloud Unity platform.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

unified resilience, Chief Financial Officer, Office of the CFO, Vice President of Finance, +4 more

8 terms

unified resilience technical

"Commvault (NASDAQ: CVLT), a leader in unified resilience at enterprise scale..."

Unified resilience is the ability of a system or organization to withstand and recover from disruptions by seamlessly integrating multiple components or processes. It ensures that different parts work together smoothly to maintain stability and quickly bounce back from challenges. For investors, it signifies a strong foundation that can adapt to changes and reduce the risk of long-term setbacks.

Chief Financial Officer financial

"...Jen DiRico, Chief Financial Officer, will be departing the company..."

A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.

Office of the CFO financial

"...oversight of a newly established Office of the CFO comprised of Kevin White..."

The office of the CFO is the department within a company responsible for managing its financial activities, including planning, reporting, and overseeing money matters. It acts like the company's financial control center, helping ensure that resources are used wisely and financial goals are met. This office matters to investors because it provides insight into how well the company is managing its finances and its overall financial health.

Vice President of Finance financial

"...Office of the CFO comprised of Kevin White, Vice President of Finance, and..."

A vice president of finance is a senior executive responsible for overseeing a company's financial planning, management, and reporting. They help ensure the business's financial health by making strategic decisions about budgets, investments, and spending, similar to a chief financial officer but often with a narrower focus. Their work matters to investors because it influences how well the company manages money and achieves its financial goals.

Chief Accounting Officer financial

"...and Danielle Abrahamsen, Chief Accounting Officer, until the new CFO is in place."

A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.

outlook financial

"The Company notes there are no changes to its outlook as previously disclosed..."

"Outlook" is the general expectation or forecast about how something, such as the economy, a market, or an investment, is likely to perform in the future. It helps investors understand potential risks and opportunities, much like a weather forecast helps people prepare for upcoming conditions. A clear outlook guides decision-making and planning by providing an informed view of what might happen next.

cyber resilience technical

"Commvault is in an enviable market position as it leads the way in cyber resilience..."

Cyber resilience is the ability of an organization or system to prepare for, respond to, and recover from cyber threats or attacks, while continuing to operate effectively. It’s like a fire-resistant building that not only withstands a fire but also quickly repairs itself and keeps people safe. For investors, strong cyber resilience reduces the risk of costly disruptions and helps protect the value and stability of digital assets.

AI technical

"...recover fast, confidently move to the cloud, and embrace AI."

Artificial intelligence (AI) is technology that enables machines to mimic human thinking and learning, allowing them to analyze information, recognize patterns, and make decisions. For investors, AI matters because it can improve how businesses operate, create new products, or identify opportunities faster and more accurately than humans alone, potentially impacting company success and market trends.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TINTON FALLS, N.J., Dec. 4, 2025 /PRNewswire/ -- Commvault (NASDAQ: CVLT), a leader in unified resilience at enterprise scale, today announced that Jen DiRico, Chief Financial Officer, will be departing the company at the end of the calendar year to pursue another opportunity. The company has initiated a comprehensive executive search for its next CFO.

As part of this transition, Sanjay Mirchandani, Commvault's President and CEO, will assume oversight of a newly established Office of the CFO comprised of Kevin White, Vice President of Finance, and Danielle Abrahamsen, Chief Accounting Officer, until the new CFO is in place.

"I want to thank Jen for her partnership and wish her the best," said Mirchandani. "As we search for our next CFO and continue to execute on our financial objectives, we do so with the support of a seasoned leadership team, industry-leading cyber resilience solutions, and strong financial performance."

"Commvault is in an enviable market position as it leads the way in cyber resilience," said DiRico. "The company empowers customers to recover fast, confidently move to the cloud, and embrace AI. It's been an honor to be part of the company's journey."

The Company notes there are no changes to its outlook as previously disclosed in its second quarter earnings results on October 28, 2025. Commvault expects to report its third quarter 2026 results at the end of January 2026.

About Commvault
Commvault (NASDAQ: CVLT) is a leader in unified resilience at enterprise scale. In a constantly evolving threat landscape, Commvault keeps customers ready by unifying data security, identity resilience, and cyber recovery, on one cloud-native, AI-enabled platform. Customers trust Commvault to conduct the fastest, most complete recoveries – not just their data, but their entire business. Purpose-built for the agentic enterprise, Commvault also enables organizations to safely embrace AI while protecting against AI-driven threats.

View original content to download multimedia:https://www.prnewswire.com/news-releases/commvault-announces-cfo-transition-302633540.html

SOURCE COMMVAULT

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is replacing Jen DiRico as CFO of Commvault (CVLT)?

The company has initiated an executive search; no successor has been named.

When will Commvault (CVLT) report Q3 2026 results after the CFO transition?

Commvault expects to report third quarter 2026 results at the end of January 2026.

Who is handling Commvault (CVLT) finance duties after Jen DiRico leaves?

CEO Sanjay Mirchandani will oversee a temporary Office of the CFO with Kevin White and Danielle Abrahamsen.

Does the CFO departure change Commvault's (CVLT) financial outlook?

The company reported no changes to its previously disclosed outlook from Oct 28, 2025.

When did Commvault announce the CFO transition for CVLT?

The company announced the CFO transition on December 4, 2025.