"As a proven leader at PTC over the past 24 years, Mike DiTullio has consistently demonstrated an ability to drive success, helping build the businesses that make up our Digital Thread group to the level of performance we enjoy today," said Jim Heppelmann, president & CEO. "Over the past year leading the Velocity group, Mike has been steeped in our cloud-native businesses and he will carry his SaaS and general management knowledge to this expanded role as we seek to continue to grow and transition our Digital Thread businesses to SaaS."
During his long career as a sales leader, DiTullio has built deep relationships with PTC customers around the world leveraging the company's entire product portfolio. Assuming leadership of PTC global sales and marketing in 2015, DiTullio helped the company transition to a subscription business model and adopt a digital-first marketing strategy, both of which were key factors in PTC's ability to drive sustained growth throughout the downturn caused by the pandemic. In 2021, DiTullio was named president of PTC's Velocity group, where he has been responsible for managing the company's Onshape and Arena businesses.
"It has been my distinct privilege to lead many different teams during my career at PTC," said DiTullio. "In the past year, I've learned a lot from people who have created SaaS businesses from the ground up – putting the customer first, being agile in everything we do, and driving to ensure our products are always available and secure. Having led teams in nearly every part of the world for PTC, I am looking forward to leading such an accomplished, global team and continuing the track record of success for our Digital Thread group."
Across PTC's stakeholder ecosystem, environmental, social, and corporate governance (commonly known as ESG) issues are becoming increasingly important. As a result, PTC will be launching a formal initiative to elevate its work in the field of environmental sustainability, in particular, to identify and help quantify the ways that PTC solutions enable customers to achieve their own sustainability goals. With today's announcement, PTC is elevating environmental sustainability as a responsibility managed at the executive level by Catherine Kniker. Kniker, who is currently EVP and Chief Strategy Officer, joined PTC in 2016 as Chief Revenue Officer for the company's IoT and AR businesses. Since then, she has helped fuel PTC's growth by leading strategic alliances, including the company's strategic alliances with Rockwell Automation, Microsoft, and Ansys, as well as strategy and corporate development, including the acquisitions of Arena Solutions and Intland Software.
Said Kniker: "Sustainability and climate change are no longer peripheral issues for our customers due to consumer demand for more sustainable products and pressure from investors and regulators globally. PTC has a tremendous opportunity with our products to help our manufacturing customers build more sustainable approaches into their product lifecycle – from design and manufacture to repair and reuse and, ultimately, to disposal. Our company's approach to ESG is necessarily cross-functional, and I look forward to championing it."
Related to these developments, Troy Richardson will leave the company after a transition period.
"At PTC, we have a strong organization with a lot of momentum," said Heppelmann. "We value the impact Troy has had in driving PTC's growth and transition to SaaS, and we appreciate his support during this transition."
About PTC
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don't just imagine a better world, we enable it. For more information, please visit www.ptc.com.
PTC and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or its subsidiaries in the United States and other countries.
Media Contact:
Greg Payne
Corporate Communications
Email Contact
Investor Contact:
Matt Shimao
Investor Relations
Email Contact
View original content to download multimedia:
https://www.prnewswire.com/news-releases/ptc-expands-roles-for-executive-team-members-301554398.html
SOURCE PTC Inc.
| Contact: |
| Company Name: PTC Inc.
Financial data for PTC Inc. |
