NEWS: PTC Expands Executive Leadership Team, Names Troy K. Richardson as EVP and Chief Operating Officer

BOSTON — November 10, 2020 — PTC (NASDAQ: PTC) today announced theappointment of Troy K. Richardson as Executive Vice President and Chief OperatingOfficer, effective November 16, 2020. An accomplished enterprise technologyexecutive, Richardson has more than three decades of sales and operationalleadership and has helped drive rapid growth for some of the biggest brands in thesoftware industry.


In this role, Richardson will lead the company’s field operations teams including globalsales, commercial marketing, customer service, and customer success. Current leadersof those organizations will report to Richardson.

“The recent global shift to remote work has proven the value of digital technology inindustrial settings, and accentuated demand for PTC offerings,” said Jim Heppelmann,President and CEO, PTC. “Troy is an incredibly talented, high-impact, growth-orientedbusiness leader who we expect will be an incredible asset as we seek to optimize ourexecution and fully capture the amazing growth opportunity we have. I reallyappreciate Troy’s keen instincts with customers and his strong customer-centricorientation, and I look forward to working closely with him in the coming years as wedrive PTC into the future.”

During his distinguished career, Richardson has served in business and sales leadershiproles at Oracle, IBM, NCR, Novell, HP, and SAP. Most recently, Richardson served as SVP,Global Head of Sales and prior to that served as SVP/GM of the Enterprise and CloudApplications Business for DXC Technologies, a leading global independent IT servicesand solutions company. In previous roles, he has proven to be a transformationalleader, having led go-to-market transitions, developed partner ecosystems, andoverhauled customer value propositions to fuel sales growth.

“I couldn’t be more excited to join PTC at this important moment in the company’shistory,” said Richardson. “PTC has an impressive roster of customers, a broad portfolioof innovative technologies, and a strong management team. PTC is on the cusp of anew chapter of its remarkable history and I look forward to helping define it.”

About PTC (NASDAQ: PTC)PTC enables global manufacturers to realize double-digit impact with software solutionsthat enable them to accelerate product and service innovation, improve operationalefficiency, and increase workforce productivity. In combination with an extensivepartner network, PTC provides customers flexibility in how its technology can bedeployed to drive digital transformation – on premises, in the cloud, or via its pure SaaSplatform. At PTC, we don't just imagine a better world, we enable it.

Original News Publication - PTC News

Date - 12th November, 2020

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