PTC Appoints Janice Durbin Chaffin to Its Board Of Directors

NEEDHAM, Mass. — (BUSINESS WIRE) — August 20, 2013PTC (Nasdaq: PMTC) today announced the expansion of its Board of Directors and the appointment of Janice Durbin Chaffin to its Board.

During the span of her impressive 30 year career, Ms. Chaffin has helped drive growth and innovation for two of the world’s largest technology companies – Symantec and HP. Most recently, Ms. Chaffin served as group president of Symantec’s $2.1B consumer business with broad ranging responsibilities including research and development, sales and marketing, and business development for the industry leading Norton™ global portfolio of products and services whose brand is synonymous with computer antivirus software. Under her leadership, Symantec’s consumer business recorded 17 straight quarters of revenue growth with outstanding profitability, while maintaining Norton security market leadership and significantly expanding the product offerings.

Previously, Ms. Chaffin served as Symantec’s first ever Chief Marketing Officer during a period in which the company grew from $1B to $6B. In that role, Ms. Chaffin built a global marketing operation and integrated marketing teams from the VERITAS and Symantec merger creating an entirely new marketing infrastructure for the combined companies.

“Janice Chaffin has an impressive track record of success in executive leadership, spearheading strategic transformation initiatives to drive consistent growth and profitability both at Symantec and previously at HP,” said Jim Heppelmann, president and CEO, PTC. “Her wealth of experience and expertise in establishing market leadership will make her a strong asset to our board of directors. We are excited to welcome her and look forward to her contributions to PTC’s board.”

Prior to her tenure at Symantec, Ms. Chaffin served in significant management and marketing leadership positions at Hewlett-Packard Company (HP). As a founding member of HP's Unix server (HP9000 UNIX™) business unit, she played a key role in building the multi-billion dollar business, achieving market leadership in various segments, and bringing the first mainframe class systems to the market.

“PTC is a company that is poised to capitalize on the next major wave of innovation in manufacturing,” offered Chaffin. “The company’s broad portfolio of world class technology solutions across all aspects of the product lifecycle put it in a unique position to help customers claim true competitive advantage. I look forward to contributing to PTC’s continued success and helping the company capture its full market potential.”

In addition to her business success, Ms. Chaffin has also been recognized for her career accomplishments and community involvement, including being named to Women 3.0 Magazine’s “Top 100 Women in Corporate America” and the STEMconnector’s “100 Women Leaders in STEM”.

About PTC

PTC (Nasdaq: PMTC) enables manufacturers to achieve sustained product and service advantage. The company's technology solutions transform the way products are created and serviced across the entire product lifecycle – from conception and design to sourcing and service. Founded in 1985, PTC employs over 6,000 professionals serving more than 27,000 businesses in rapidly-evolving, globally distributed manufacturing industries worldwide. Get more information at www.ptc.com.

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Contact:

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Beth Ambaruch, 952-435-5058
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