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PTC Appoints Jon Stevenson as Executive Vice President, Chief Product Officer

1. Jon Stevenson appointed as Chief Product Officer at PTC. 2. Stevenson has extensive experience in CAD, PLM, AI, and SaaS. 3. PTC aims to enhance SaaS and AI integration under Stevenson's leadership. 4. Transitioning leadership roles may drive stronger customer engagement. 5. PTC supports over 30,000 customers globally with advanced software solutions.

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FAQ

Why Bullish?

Stevenson's experience in AI and SaaS can positively influence PTC's innovation trajectory, similar to historical growth following leadership changes in tech firms.

How important is it?

Stevenson’s background and the strategic shift towards AI and SaaS can significantly elevate PTC’s market position and operational agility.

Why Long Term?

The development under Stevenson's leadership will likely take time to materialize product advances and market impact, akin to long-term growth observed at companies like Microsoft post-restructuring.

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, /PRNewswire/ -- PTC (NASDAQ: PTC) today announced that it has appointed Jon Stevenson as Executive Vice President, Chief Product Officer. Stevenson will be responsible for the strategy, development, and delivery of PTC's Digital Thread product portfolio. Jon Stevenson, Executive Vice President, Chief Product Officer Stevenson brings more than three decades of experience in product development, engineering leadership, and technology innovation across CAD, PLM, AI, and SaaS. He previously held executive roles at Stratasys and GrabCAD and has more recently served as a board member, advisor, and investor to a variety of product development, SaaS, and AI-focused companies, including AllSpice, SimScale, Duro, nToplogy, and Vention. He previously served as a Vice President in PTC's R&D Group and as the Executive Vice President of the company's CAD business. "Jon is an accomplished leader in our industry, and we're thrilled to appoint him as Chief Product Officer," said Neil Barua, President and CEO, PTC. "Jon's technical and engineering expertise, proven leadership, and fresh perspective will help us accelerate priorities such as PLM and ALM integration, CAD, our transition to SaaS, and embedding AI across our product portfolio – all to help our customers achieve more." "It's an incredible opportunity to serve as PTC's Chief Product Officer," said Stevenson. "We have the strongest product portfolio in industrial software and a great foundation for taking the next step in areas like SaaS and AI. I look forward to working with Neil and the leadership team as we continue helping our customers transform their businesses."Kevin Wrenn, PTC's previous Chief Product Officer, is transitioning to a new leadership role within PTC's product organization, focused on driving deeper customer engagement within the vertical-focused model announced at the start of the fiscal year.About PTCPTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products that the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.MediaGreg Payne[email protected] InvestorsMatt Shimao[email protected] PTC and the PTC logo are trademarks or registered trademarks of PTC Inc. and its subsidiaries in the United States and other countries.SOURCE PTC Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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