PTC
(Nasdaq: PTC) today announced that CFO Jeff Glidden has notified the
Company of his intention to retire in FY’15. PTC will engage an
executive search firm to initiate a comprehensive search for Mr.
Glidden’s replacement. To ensure a smooth transition, Mr. Glidden will
remain in his current role until his replacement has been selected.
James Heppelmann, president and chief executive officer, commented,
“Jeff has been a valued member of the PTC executive team since 2010.
During that time, we have undergone a significant strategic
repositioning of the Company into new growth markets such as ALM, SLM
and IoT, grown revenues from approximately $1.0 billion to over $1.3
billion, and improved our non-GAAP operating margin by over 900 basis
points. Jeff’s strong financial and operational background and
collaborative style have been a valuable asset to PTC, and we wish him
the best in his retirement after a long and distinguished career
spanning over 40 years.”
Jeff Glidden, chief financial officer, said, “PTC has driven significant
value to customers and shareholders over the past few years, and I am
proud to have been part of that. Jim and the rest of the management team
are incredibly dedicated and I am confident in their shared vision to
continue delivering solid operating and financial results.”
As CFO, Mr. Glidden oversees the controller, financial planning,
sourcing and facilities, tax, treasury, investor relations, and
information technology functions.
PTC and the PTC logo are trademarks or registered trademarks of PTC
Inc. or its subsidiaries in the United States and in other countries.
All other companies referenced herein are trademarks or registered
trademarks of their respective holders.
About PTC
PTC
(Nasdaq: PTC) enables manufacturers to achieve sustained product and
service advantage. PTC’s technology solutions help customers transform
the way they create, operate and service products for a smart,
connected, world. Founded in 1985, PTC employs approximately 6,000
professionals serving more than 28,000 businesses in rapidly-evolving,
globally distributed manufacturing industries worldwide. Get more
information at www.ptc.com.
Copyright Business Wire 2014