PTC, the Product Development Company has announced that James E. Heppelmann, the company's President & Chief Operating Officer, has assumed the role of President & Chief Executive Officer, as previously announced on May 10, 2010. Heppelmann succeeds C. Richard Harrison who will serve as the company's Executive Chairman and continue in a strategic advisory capacity.
"This is an incredibly exciting time to be taking over the leadership of PTC," said Heppelmann. "Our market has exciting growth prospects, our competitive position is strong, our market share is increasing, and our customers see us as a strategic partner who delivers strong business value. We are well positioned to achieve our stated goals and extend our technology leadership in both the PLM and CAD arenas."
Heppelmann continued that he would like to sincerely congratulate Dick Harrison for the incredible leadership he demonstrated throughout his 23 years of service to the company and is looking forward to working with him in his ongoing role as Executive Chairman.
