PTC Announces CFO Transition

PTC (NASDAQ: PTC) announced that Jennifer DiRico will become Executive Vice President and Chief Financial Officer effective January 1, 2026.

Rhea-AI Summary

PTC (NASDAQ: PTC) announced that Jennifer DiRico will become Executive Vice President and Chief Financial Officer effective January 1, 2026. DiRico will report to President and CEO Neil Barua and lead PTC's global finance organization. Kristian Talvitie will continue as CFO through December 31, 2025 to support the transition.

DiRico joins from Commvault where she serves as CFO and previously held finance and operations roles at Toast, including work on Toast's IPO and international expansion. PTC affirmed its full fiscal year 2026 and first fiscal quarter guidance as previously announced on November 5, 2025.

Positive

• Effective date of new CFO: January 1, 2026
• Transition period maintained: outgoing CFO through December 31, 2025
• Guidance affirmed for full fiscal year 2026 and Q1

Negative

• CFO change creates planned leadership turnover on January 1, 2026

Argus Dec 5 session

-2.79% close to close Open Argus

Details

News Market Reaction – PTC

On Dec 5, the first trading day after this news, PTC closed 2.79% below the previous close.

Data tracked by StockTitan Argus for the Dec 5 session.

Key Figures

CFO effective date: January 1, 2026 Current CFO term end: December 31, 2025 Guidance affirmation date: November 5, 2025

CFO effective date

January 1, 2026

Jennifer DiRico becomes EVP and Chief Financial Officer

Current CFO term end

December 31, 2025

Kristian Talvitie continues as CFO through year-end 2025

Guidance affirmation date

November 5, 2025

Full FY 2026 and Q1 guidance affirmed from this earlier announcement

Historical Context

5 past events · Latest: Nov 19

5 events

1. Nov 19

   Customer expansion deal

   24h Move

   -0.7%

   Expanded relationship with Garrett Motion adopting multiple PTC SaaS platforms.

2. Nov 05

   Business divestiture

   24h Move

   -1.1%

   Agreement to sell Kepware and ThingWorx to sharpen product lifecycle focus.

3. Nov 05

   Earnings and guidance

   24h Move

   -1.1%

   Strong Q4/FY25 ARR and cash flow plus FY’26 growth and capital return plans.

4. Oct 14

   AI product update

   24h Move

   -0.2%

   Embedded Onshape AI Advisor in CAD with scalable cloud-native architecture.

5. Oct 13

   Board appointment

   24h Move

   +2.8%

   Appointment of experienced industrial-tech leader James A. Lico to board.

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

Key Terms

Chief Financial Officer, Executive Vice President, IPO, free cash flow, +3 more

7 terms

Chief Financial Officer financial

"Jennifer DiRico has been appointed Executive Vice President and Chief Financial Officer"

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.

Executive Vice President financial

"appointed Executive Vice President and Chief Financial Officer, effective January 1, 2026"

An executive vice president is a high-ranking leader within a company who oversees major parts of its operations or strategies. Think of them as senior managers responsible for important areas, similar to a vice principal in a school hierarchy. Their role matters to investors because they help guide the company's success and decision-making at the top level.

IPO financial

"She played a key role in Toast's successful IPO and served as General Manager"

An initial public offering (IPO) is the process by which a private company sells its shares to the public for the first time, making its ownership available on the stock market. This allows the company to raise money from a wide range of investors to fund growth or other goals. For investors, an IPO offers a chance to buy into a company early in its public journey, potentially benefiting if the company grows in value.

View in glossary

free cash flow financial

"the diligence he has brought to PTC's free cash flow performance over the last several years"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

View in glossary

subscription business model financial

"his role in our transition to a subscription business model and the diligence he has brought"

A subscription business model is a way of earning revenue by charging customers a regular fee, often monthly or annually, to access a product or service. It’s similar to paying a membership fee for ongoing access, rather than buying a one-time product. This model matters to investors because it can provide steady income and help predict future earnings, making the business more stable and easier to value.

digital transformations technical

"plays a critical role in its customers' digital transformations, from the world's largest"

Digital transformations involve integrating digital technology into all aspects of how organizations operate and deliver value, often leading to more efficient, flexible, and innovative processes. For investors, understanding these changes is important because they can significantly impact a company’s growth prospects, competitiveness, and ability to adapt to changing market conditions. Think of it as upgrading from traditional tools to smart, connected systems that reshape how a business functions.

guidance financial

"PTC affirmed its full fiscal year 2026 and first fiscal quarter guidance as previously"

Guidance is the information that a company provides about its expected future performance or plans. It helps investors understand what the company aims to achieve and whether it anticipates growth or challenges ahead, much like a weather forecast helps people prepare for upcoming conditions. This information influences investment decisions by giving a clearer picture of the company's outlook.

View in glossary

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

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Jennifer DiRico Appointed as Next Chief Financial Officer

BOSTON, Dec. 4, 2025 /PRNewswire/ -- 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."

Full Fiscal Year 2026 and First Fiscal Quarter Guidance

PTC affirmed its full fiscal year 2026 and first fiscal quarter guidance as previously announced on November 5, 2025.

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.

Forward-Looking Statements

Statements in this press release that are not historic facts, including statements about our future operating, financial and growth expectations and guidance, are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks include: the macroeconomic and/or global manufacturing climates may not improve or may deteriorate, which could cause customers to delay or reduce purchases of new software, adopt competing software solutions, reduce the number of subscriptions they carry, or delay payments to us, which would adversely affect our ARR (Annual Run Rate) and/or financial results and cash flow and growth; our investments in our software solutions may not drive expansion of those solutions and/or generate the ARR and/or cash flow we expect if customers are slower to adopt those solutions than we expect or if they adopt competing solutions; customers may not build the product data foundations essential for the AI-driven transformation of their business when or as we expect, which could adversely affect our ARR and/or financial results and cash flow and growth; our go-to-market realignment and related initiatives may disrupt our business to a greater extent than we expect or may not generate the ARR and/or financial results or cash flow when or as we expect; and foreign exchange rates may differ materially from those we expect. In addition, our assumptions concerning our future GAAP and non-GAAP effective income tax rates are based on estimates and other factors that could change, including changes to tax laws in the U.S. and other countries and the geographic mix of our revenue, expenses, and profits. Other risks and uncertainties that could cause actual results to differ materially from those projected are described from time to time in reports we file with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission.

About PTC (NASDAQ: PTC)

PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product 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.

@PTC Blogs

Media Contact
Greg Payne
gpayne@ptc.com 

Investor Relations Contact
Matt Shimao
mshimao@ptc.com
investor@ptc.com

PTC and the PTC logo are trademarks or registered trademarks of PTC Inc. and its subsidiaries in the United States and other countries.

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SOURCE PTC Inc.

FAQ

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

Who is the new CFO of PTC (NASDAQ: PTC) and when does she start?

Jennifer DiRico is appointed CFO and will start on January 1, 2026.

Who will serve as PTC CFO through December 31, 2025?

Kristian Talvitie will continue to serve as CFO through December 31, 2025.

What is Jennifer DiRico's experience before joining PTC (PTC)?

DiRico serves as CFO of Commvault and held finance and operations roles at Toast, including participation in Toast's IPO.

Did PTC change its fiscal year 2026 or Q1 guidance after the CFO announcement?

No. PTC affirmed its full fiscal year 2026 and first fiscal quarter guidance as announced on November 5, 2025.

To whom will the new PTC CFO report?

The new CFO will report to President and CEO Neil Barua and lead the company's global finance organization.