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

Featured Video
Editorial
Jobs
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Mechanical Engineer 3 for Lam Research at Fremont, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Mechanical Engineer 2 for Lam Research at Fremont, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Equipment Engineer, Raxium for Google at Fremont, California
Upcoming Events
Celebrate Manufacturing Excellence at Anaheim Convention Center Anaheim CA - Feb 4 - 6, 2025
3DEXPERIENCE World 2025 at George R. Brown Convention Center Houston TX - Feb 23 - 26, 2025
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Additive Manufacturing Forum 2025 at Estrel Convention Cente Berlin Germany - Mar 17 - 18, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+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