blank
SUBbutton

PTC to name James E. Heppelmann to Chief Executive Officer

Written by  Dan Comand Monday, 10 May 2010 07:44
PTC, The Product Development Company, announced that James E. Heppelmann, the company's President and Chief Operating Officer, will succeed C. Richard Harrison as PTC's Chief Executive Officer, effective October 1, 2010. Harrison will become the company's Executive Chairman. Heppelmann, as CEO and President, will report directly to the Board.
-
"Jim is a great leader who has already created tremendous value for PTC, its customers, shareholders and employees as a strategic member of the executive team," said Harrison. "With his background as an engineer, Jim is one of those rare individuals who can understand our customers' business requirements and couple that with a unique vision for the industry, a passion for technology and the leadership qualities to drive the company to deliver solutions that provide measurable business value. I couldn't imagine a better person to lead PTC and leverage the company's momentum."

Heppelmann, 45, joined PTC in 1998 as a Senior Vice President when PTC acquired Windchill Technology, a company he founded. He was promoted to Executive Vice President and Chief Technical Officer in June 2001, and two years later was named Executive Vice President of the Software and Marketing Group and Chief Product Officer. In this role, he was responsible for strategic direction, product development, and marketing. He joined PTC's Board of Directors in May 2008 and was named President and COO in March 2009. Heppelmann has worked in the information technology industry since 1985 and is widely credited with driving many of the most significant technology advancements in product lifecycle management (PLM).

"I have tremendous respect and appreciation for Dick. He's built one of the truly great enterprise software companies," said Heppelmann. "PTC has a talented team, superior technology and a winning strategy. We're well positioned to capture the huge opportunity in the market today and achieve our goal of 20% non-GAAP earnings growth. I am thrilled to have the opportunity to lead a company I believe in so strongly."

"This has been a well-defined and well-orchestrated succession plan," added Donald K. Grierson, PTC's lead independent director. "The board couldn't be more satisfied with its choice of Jim to take on the role of CEO. The board also wants to thank Dick for guiding the company to this point and for his commitment to play an ongoing role in support of the company's strategic plan. Dick's leadership has been key in building PTC into the leading company it is today."

As Executive Chairman, Harrison, 54, will focus on key customer and investor relationships that support the company's strategic initiatives, while continuing to perform his duties as Chairman of the company's Board of Directors.

www.ptc.com

For more DPN News, click here

Add comment


Security code
Refresh

  • Digital Catalogues
    • Clippard Full-Line Catalog
      Clippard Instrument Laboratory, Inc., manufacturer of the industry’s most complete line of miniature fluid power products, has released its all-new 356-page catalog. This full-line catalog includes features, specifications, technical drawings, color photographs, and application highlights throughout. Products can be found in six main categories, including Cylinders, Electronic Valves, Control Valves, Modular Valves, Fittings and Hose, and Air Preparation equipment.
    • Daemar Inc.
      Your online source for Shaft Seals, O-Rings, Retaining Rings, Bushings, Shaft Repair Sleeves, Shim, Keystock, Mechanical Seals, Braided Packing and Protective Closures.

Featured Video

More Videos...