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TINTON FALLS, N.J. - Commvault (NASDAQ:CVLT) announced today two leadership appointments effective immediately, according to a company press release.
Gary Merrill has been named Chief Financial Officer. Merrill previously served as CFO from 2022 to 2024 and has over 20 years of experience at the company, including 15 years in the finance organization. For the past two years, he served as Chief Commercial Officer, leading the sales and partner organization.
Geoff Haydon has been appointed President of Customer and Field Operations. He will oversee sales, partnerships, customer support and customer success. Haydon most recently served as CEO of cybersecurity company Ontinue, which spun out of Open Systems in 2023. He previously held go-to-market leadership roles at VMware and Secureworks. Haydon has served on Commvault’s Board of Directors and will leave the board to assume this operating role.
Both positions report to President and CEO Sanjay Mirchandani.
The company reaffirmed its fourth quarter and fiscal year 2026 guidance previously issued on January 27, 2026. The guidance confirmation comes as 11 analysts have revised their earnings upwards for the upcoming period, according to InvestingPro data. The stock has responded positively, gaining 12.5% over the past week to trade at $88.87, though shares remain down 49% over six months. InvestingPro analysis suggests the stock is currently undervalued, with the company maintaining an impressive gross profit margin of 81%. For deeper insights, investors can access Commvault’s comprehensive Pro Research Report, one of 1,400+ available for US equities. Commvault will host its next earnings conference call on Tuesday, April 28, 2026 at 8:30 a.m. EDT.
Commvault provides data security, identity resilience and cyber recovery solutions on a cloud-native platform.
In other recent news, Commvault announced the introduction of new AI capabilities aimed at enhancing data security and AI agent management within its cloud platform. The company unveiled three offerings: Data Activate, AI Protect, and AI Studio, which help organizations manage data for large language models while ensuring data privacy. Additionally, Commvault is reportedly exploring a sale after receiving takeover interest from multiple parties, with Goldman Sachs assisting in evaluating options.
In another development, Commvault and NetApp have formed a strategic alliance to provide integrated solutions for enterprise data protection and cyber resilience, focusing on ransomware detection and recovery. Furthermore, Commvault expanded its Identity Resilience portfolio to include support for Okta, providing automated protection and recovery for Okta environments.
The company also announced an integration with CloudSEK for dark web credential monitoring, aiming to combat identity-based cyberattacks by correlating external credential exposure data with internal identity information. These developments reflect Commvault’s ongoing efforts to enhance its data protection and cyber resilience offerings.
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