PTC Announces Executive Departure



Craig Hayman to Join AVEVA Group as CEO

NEEDHAM, Mass. – February 1, 2018 –– PTC (NASDAQ: PTC) today announced that Craig Hayman is leaving the company to assume a new role as chief executive officer of AVEVA Group, a UK-based provider of engineering data and design IT systems.

"In just a few short years, Craig has helped PTC transition to a new level of operational discipline across the company,” said Jim Heppelmann, president and CEO, PTC. “He has also helped develop a skilled team of leaders who will maintain operational excellence at PTC going forward. It is no surprise that his talents are taking him to the next level in his career, and we wish him well in his new endeavors."

While at PTC, Hayman was primarily responsible for institutionalizing key operational go-to-market processes, such as pipeline management and lead to revenue optimization.

About PTC (NASDAQ: PTC)

PTC is a global provider of technology that transforms how companies design, manufacture, operate, and service the “things” in the Internet of Things (IoT). With more than $1 billion in revenue and 6,000 employees worldwide, PTC is one of the largest software companies based in Massachusetts. In 1986 PTC revolutionized digital 3D design, and in 1998 were first to market with Internet-based product lifecycle management. Today, PTC enables global manufacturers and an ecosystem of partners and developers to drive innovation related to such promising technologies as the IoT and Augmented Reality.

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Contacts

Media
Eric Snow
781-370-6210
esnow@ptc.com

Investors
Tim Fox
781-370-5961
tifox@ptc.com

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