PTC Chief Financial Officer Resigns Effective November 15, 2010

NEEDHAM, Mass. — (BUSINESS WIRE) — May 27, 2010 — PTC (Nasdaq: PMTC), The Product Development Company®, announced today that Neil Moses, the company's Chief Financial Officer, has resigned effective November 15, 2010. The company has begun a CFO search.

Moses joined PTC in 2003 as Executive Vice President and Chief Financial Officer. Since Moses joined PTC, the company has strengthened its operating model and balance sheet significantly, including a $130 million improvement in GAAP net income.

"Neil has been a valued member of the leadership team for the last seven years. During that time PTC has grown its revenue to approximately $1 billion and driven significant improvements in profitability,” said C. Richard Harrison, Chairman and CEO.

“PTC is a terrific company with a strong future,” said Moses. “It’s been a privilege to be part of a management team that has positioned the company into one of the world’s leading product lifecycle management (PLM) providers. I intend to help facilitate an orderly transition process over the coming months.”

PTC, the PTC logo, and The Product Development Company are trademarks or registered trademarks of Parametric Technology Corporation and/or its subsidiaries in the United States and in other countries.

About PTC ( www.ptc.com)

PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company's PLM and CAD and related solutions, organizations in the Industrial, High-Tech, Aerospace/Defense, Automotive, Retail/Consumer and Life Sciences industries are able to support key business objectives such as reducing costs and shortening lead times while creating innovative products that meet customer needs and comply with industry regulations.



Contact:

PTC
Kristian P. Talvitie, 781-370-6151
Email Contact




Review Article Be the first to review this article
Rand3D

Autodesk University 2017

Featured Video
MCAD Corporate Newsletter
rss feed
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
NVIDIA’s AI Computer Drives AVs
Jobs
Senior Mechanical Engineer for Albert Kahn and Associates at Detroit, MI
Mechanical Engineer for The Planate Management Group LLC at Perry Point, MD
GIS Software Developer for UDC at Englewood, CO
Structural Engineer for Albert Kahn and Associates at Detroit, MI
Vice President, Transportation Services for Associated General Contractors of New York State at Albany, NY
Upcoming Events
ASSESS 2017 CONGRESS at Bolger Center Potomac MD - Nov 1 - 3, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017
ATX MINNEAPOLIS 2017 at Minneapolis MN - Nov 8 - 9, 2017
2017 China Chongqing International Machine Tool Show (CCIMT) at Chongqing International Expo Center, Yubei Chongqing China - Nov 13 - 16, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise