March 2009
The Product Development Company (PTC) has announced new appointments in leadership.
C. Richard Harrison has been named chairman of the company’s board of directors. James Heppelmann takes the roles president and chief operating officer and will report to Harrison, who continues as CEO. Noel Posternak, previously PTC’s chairman, remains a member of the Board and will serve as Lead Independent Director. All changes effective March 4.
“Dick Harrison and Jim Heppelmann are two of the best executives in this industry,” said Posternak.
“The partnership that they have formed over the last ten years has delivered valuable solutions for our customers and strong business results for our shareholders. As CEO and president, Dick has focused relentlessly on setting a winning course for the company, and I’m confident that he will make an excellent chairman. Together, he and Jim have guided the company to a leadership position, based on great technology and a focus on serving the customer. In short, they’re a great combination.”
As a 20-year veteran of the PLM industry, Heppelmann has been responsible for some of its most important advancements. Early in his career, he helped start Metaphase and served as the company’s CTO. He then departed Metaphase to found Windchill Technology, with the vision of delivering the first web-native PLM system. Subsequently joining PTC through an acquisition, Heppelmann quickly became executive vice president and chief technology officer, responsible for all product strategy, product development, and marketing.
Harrison joined PTC in 1987 as the vice president of sales distribution and led PTC’s rapid rise to prominence in 3D CAD. He spent six years in the role of president and COO, assuming the role of CEO in 2000. Recognizing the need to address larger product development issues for customers, Harrison transformed the company into a broad, enterprise software firm with multiple solutions. Since that time, Harrison has led the company to market leadership, with record annual revenues and operating profits.
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