NEEDHAM, Mass., May 27 /PRNewswire-FirstCall/-- PTC (Nasdaq: PMTC), the
product development company(TM), today announced that Joseph M. O'Donnell has
been appointed to the Board of Directors. O'Donnell is the Chairman,
President and Chief Executive Officer of Artesyn Technologies (Nasdaq: ATSN),
a leading electronic products provider for the communications industry. The
appointment of O'Donnell expands PTC's board to seven members.
O'Donnell has over 25 years of management experience in the electronics
industry, one of PTC's major vertical market segments. He has served as
President and CEO of Artesyn Technologies since 1994, successfully navigating
the company through the telecommunications boom and subsequent market
contraction of the last few years. His prior experience includes serving as
President and CEO of Savin Corporation, a manufacturer of digital imaging
equipment, between 1993 and 1994. O'Donnell also led the formation of GO/DAN
Industries (now TransPro, Inc.) a supplier of heat-transfer products to the
automotive industry, and served as its President and CEO for three years.
O'Donnell began his career in engineering, marketing and general management
positions with ITT Industries and General Instrument Corporation. He received
both a Bachelor of Science degree and an MBA from the University of Tennessee.
"Joe's substantial management experience combined with his expertise in
manufacturing and the electronics industry further expands the collective
skill set of PTC's Board of Directors," said Noel G. Posternak, Chairman of
the Board of Directors. "In addition, the appointment of an additional
independent director to PTC's Board reflects our ongoing commitment to strong
corporate governance practices. We are pleased to welcome Joe to PTC's Board
of Directors."
Information on PTC Corporate Governance is available at
http://www.ptc.com/go/governance.
About PTC
PTC (Nasdaq: PMTC) develops, markets, and supports software solutions that
help manufacturers win with superior products. With a total commitment to
product development and product lifecycle management (PLM), the Company
services more than 35,000 customers worldwide. PTC is included in the S&P 500
and Russell 2000 indices. Further information on PTC is available at
http://www.ptc.com.
PTC, The Product Development Company, and all PTC product names and logos
are trademarks or registered trademarks of Parametric Technology Corporation
or its subsidiaries in the United States and in other countries. All other
companies and products referenced herein have trademarks or registered
trademarks of their respective holders.
Investor Relations Contact:
Meredith Mendola
781-370-6151
mmendola@ptc.com
Public Relations Contact:
Maria Battaglia
781-370-5245
mbattaglia@ptc.com
SOURCE PTC
 back to top
Related links:
http://www.ptc.com
CONTACT:
Investor Relations, Meredith Mendola,
+1-781-370-6151, mmendola@ptc.com; or Public Relations, Maria
Battaglia, +1-781-370-5245, mbattaglia@ptc.com, both of PTC
|
