MRO Magazine

Thomas Bogan Departs PTC Board of Directors


June 8, 2015
By Business Wire News

NEEDHAM, Mass.

PTC (Nasdaq: PTC), today announced that Thomas Bogan has resigned from its Board of Directors.

Mr. Bogan elected to leave the board after four years of service given the demands of his new job as CEO of Adaptive Insights, the leader in cloud corporate performance management software.

“Tom Bogan has been a tremendous asset to our board of directors, helping PTC grow and execute on its business strategy centered on helping companies transform how they create, connect, operate and service products,” said Jim Heppelmann, president and CEO, PTC. “Tom has also been instrumental in helping guide PTC’s business model transformation. We thank him for his many contributions as a member of PTC’s board and wish him continued success in his new role.”

“It has been a great pleasure and privilege to be part of the PTC team these past several years,” noted Mr. Bogan. “I have learned a lot and appreciate everything the leadership team has done to fundamentally reposition PTC for future long-term success.”

Separately, Dr. Klaus Hoehn was elected to PTC’s Board of Directors effective today (see related press release).

About PTC
PTC (Nasdaq: PTC) is a global provider of technology platforms and enterprise applications for smart and connected products, operations, and systems. PTC’s enterprise applications serve manufacturers and other businesses that create, operate and service products. Led by its award winning ThingWorx application enablement platform, PTC’s platform technologies help companies deliver new value emerging from the Internet of Things. An early pioneer in Computer Aided Design (CAD) software, PTC today employs more than 6,000 professionals serving more than 28,000 businesses worldwide.

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Media Contact:
PTC Corporate Communications
Eric Snow, 617-913-9719
esnow@ptc.com
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PTC Investor Relations
Tim Fox, 781-370-5961
tifox@ptc.com
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James Hillier, 781-370-6359
jhillier@ptc.com