Salsify, a product experience platform, has named David Forlizzi as its new chief financial officer. Forlizzi takes over for Mary Jefts, who is stepping down after more than seven years. She is one of the longest-serving executives outside of the company’s founders.
“[Jefts] has been a cornerstone of Salsify’s journey from the early days when we were under $10 million in revenue,” Piyush Chaudhari, CEO of Salsify, said in a media release. “Her leadership helped build the strong financial infrastructure we stand on today.”
Forlizzi will be responsible for overseeing Salsify’s global financial and IT business functions, driving productivity and bolstering a finance and IT team that will play a key role in supporting the company’s success.
“Now, [Forlizzi] joins us at an exciting new chapter,” Chaudhari added. “His financial expertise and strategic vision are precisely what we need to scale further in this next phase of growth. With his leadership, we’re well-positioned to build on our success, tap into new market opportunities that build value for our customers and reinforce Salsify’s role as the leader in the rapidly advancing [product experience management (PXM)] space.”
Forlizzi brings more than two decades of experience in financial leadership roles at both private and publicly traded technology companies to Salsify. Most recently, he served as CFO at Veracode, where he led the financial strategy to support expansion and its position in the cybersecurity SaaS space. Before Veracode, he served 11 years as CFO at Infovista, a global software and services company. He began his career at PricewaterhouseCoopers, advising technology companies across Boston and Europe, on growth strategies and financial discipline, per the release.
“I am excited to join Salsify at such a pivotal time in the company’s growth journey,” Forlizzi said. “I’m looking forward to contributing to Salsify’s next chapter of growth, building strong relationships with the Salsify team, customers and investors, while driving financial and operational excellence across the organization.”
Forlizzi is also a certified public accountant and a graduate of Bentley College in Waltham, Massachusetts, with a Bachelor of Science degree in accountancy.
Salsify currently has more than $200 million in cash and no debt, according to the company. In 2023, 70,000 Salsify PXM users across 140 countries completed 365 million automated workflow tasks, publishing 740 million products across 950 destinations worldwide. Salsify said the move was bolstered by a $38 million investment in research and development and an expanded global customer success team.