Investing.com -- Commvault Systems Inc (NASDAQ:CVLT) stock fell 3.7% in after-hours trading Thursday following the announcement that Chief Financial Officer Jen DiRico will be leaving the company at year-end to pursue another opportunity.
The cyber resilience solutions provider has initiated a comprehensive search for a new CFO. In the interim, President and CEO Sanjay Mirchandani will oversee a newly established Office of the CFO, which includes Vice President of Finance Kevin White and Chief Accounting Officer Danielle Abrahamsen.
"I want to thank Jen for her partnership and wish her the best," Mirchandani said in a statement. He emphasized that the company will continue executing on its financial objectives with support from its "seasoned leadership team, industry-leading cyber resilience solutions, and strong financial performance."
DiRico, who will remain with the company through December, stated: "Commvault is in an enviable market position as it leads the way in cyber resilience. 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."
Commvault reaffirmed its previous financial outlook as disclosed in its second quarter earnings results on October 28. The company expects to report its third quarter 2026 results in late January 2026.
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