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Posted 15 February, 2024

PTC INC. appointed new CEO

CEO Change detected for ticker Nasdaq:PTC in a 8-K filed on 15 February, 2024.


  CEO Succession  

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Overview of PTC INC.
Technology • Software
PTC, Inc. is a global software company, which engages in the provision of a portfolio of innovative digital solutions that work together to transform how physical products are engineered, manufactured, and serviced. Its products include Windchill, Creo, ThingWorx, Vuforia, Codebeamer, Arbortext, Arena, and Onshape. The company was founded in 1985 and is headquartered in Boston, MA.
Market Cap
$19.4B
View Company Details
PTC INC. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;Compensatory Arrangements of Certain Officers.


CEO Succession

On February 14, 2024, the Board of Directors of PTC Inc. ("PTC" or the "Company") appointed Neil Barua, the Company's CEO-Elect, Chief Executive Officer of the Company. Mr. Barua succeeds James Heppelmann who, as part of the Board of Directors' CEO succession plan, stepped down from his role as Chief Executive Officer on such date. 

Mr. Barua's professional experience and the material terms of his compensatory arrangements are described in Item 5.02 of PTC's Current Report on Form 8-K filed on July 26, 2023, and are incorporated herein by reference. 

Appointment of Principal Accounting Officer

On February 14, 2024, Alice Christenson, Corporate Vice President, Finance, age 59, was appointed Chief Accounting Officer (principal accounting officer) of the Company. Ms. Christenson will continue to report to Kristian Talvitie, Executive Vice President and Chief Financial Officer of the Company, who will no longer serve as the principal accounting officer. 

Ms. Christenson has served as the Company's Corporate Vice President, Finance, since December 31, 2018, responsible for the Company's Corporate Controller organization. Ms. Christenson previously served in various other Finance roles since joining the Company in February 2002.