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
HP

Autodesk - DelCAM

Featured Video
Jobs
Principal Research Mechatronics Engineer for Verb Surgical at Mountain View, CA
Senior Mechanical Engineer for Verb Surgical at Mountain View, CA
CAD Systems Administrator for KLA-Tencor at Milpitas, CA
Industrial Designer Intern – Spring 2017 for Nvidia at Santa Clara, CA
Lead Geospatial Analyst for Alion at McLean, VA
Upcoming Events
SOLIDWORKS 2017 Launch Event – Walsall at Village Hotel Club, Walsall, WS2 8TJ Walsall United Kingdom - Mar 30, 2017
PI APPAREL Hong Kong 2017 at SHANGRI-LA KOWLOON 64 Mody Road Tsim Sha Tsui East Kowloon Hong Kong - Apr 5 - 6, 2017
SOLIDWORKS intro and hands on session – Slough at Baylis House, Slough, Berkshire, SL1 3PB Slough United Kingdom - Apr 7, 2017
Engineer 3D! Training + Technology Conference at Hyatt Regency Milwaukee 333 West Kilbourn Avenue Milwaukee WI - Apr 25 - 26, 2017
SolidCAM: Patented Wizard to optimal feeds & speeds
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — 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 Policy Advertise