Tinton Falls-based Commvault on Monday said its current chief financial officer, Gary Merrill, will transition to a new role, serving as the company’s first chief commercial officer, where he will lead the company’s global sales and partner teams.
This transition created an opportunity for Commvault to recruit another dynamic and growth-oriented CFO, and the company selected Jennifer “Jen” DiRico for the role. DiRico will assume her new position Aug. 12.
DiRico spent close to a decade at Toast, a Boston-based digital platform built for restaurants, where she was instrumental in its successful initial public offering and in supercharging the company’s growth. During her tenure at the company, Toast expanded its customer base to over 100,000 customers and annual recurring revenue to over $1 billion. She will leverage her vast knowledge and experience in finance, investor relations, operations and international markets to advance Commvault’s revenue growth initiatives.
Merrill, an 18-year Commvault veteran, will use his operations, finance and customer and partner expertise to accelerate adoption of the Commvault Cloud platform, expand the company’s routes to market, and scale its high-growth Software-as-a-Service engine. This will play a key role in helping Commvault rapidly expand its leadership in cyberresilience while driving even greater value for customers and partners.
“When Gary threw his hat in the ring for the CCO role, we immediately knew this was the right move at the right time. Gary is relentlessly focused on customers, partners and operational excellence,” Sanjay Mirchandani, CEO and president, Commvault, said. “We’re also delighted to have Jen joining our leadership team. She has a proven track record of scaling and leading finance and operations teams at high growth companies and is a perfect fit for Commvault.”
“The growth that Commvault has seen over the last two years is impressive. During that time, I’ve worked closely with our sales and partner leadership globally to instill close strategic alignment,” Merrill said. “I’m excited to take those relationships to the next level as CCO, as we focus on reaching $1 billion in (annual recurring revenue) by FY26. I also look forward to partnering with Jen as we transition into our new roles.”
