PTC Appoints Amar Hanspal to Board of Directors
PTC (NASDAQ: PTC) has announced the appointment of Amar Hanspal to its Board of Directors, effective April 1, 2022. With over 30 years of experience, Hanspal previously served as CEO of Bright Machines and played a key role at Autodesk as Chief Product Officer and co-CEO. His expertise in digital transformation and SaaS model transition is expected to enhance PTC's strategic direction. Hanspal expressed enthusiasm for PTC's current SaaS transformation and aims to help maximize the company's potential.
- Amar Hanspal brings over 30 years of experience in product expertise and strategic leadership.
- His prior role as CEO at Bright Machines and experience at Autodesk will provide valuable insights.
- Hanspal's focus on SaaS transformation aligns with PTC's ongoing strategic initiatives.
- Concerns may arise about the continuity of leadership and organizational experience gaps.
BOSTON, March 15, 2022 /PRNewswire/ -- PTC (NASDAQ: PTC) has appointed Amar Hanspal to its Board of Directors, effective April 1, 2022.
Hanspal brings more than 30 years of experience driving strategic and operational excellence through a combination of product expertise, strategic team leadership, and high-performance execution.
Throughout his career, Hanspal has driven innovation and digital transformation at a global scale. Most recently, Hanspal served as Chief Executive Officer of Bright Machines, which focuses on factory automation combining robotics, machine vision and machine learning software. As Chief Product Officer and then co-CEO at Autodesk, Hanspal was instrumental in transitioning the company from an on-premises technology and software licensing model to a SaaS-based products and subscription model. He also drove investment into new growth areas for the company, including software for construction and digital fabrication.
"With his experience and his level of achievement, Amar brings a depth of knowledge about our market and our business that will be a tremendous asset to our board," said James Heppelmann, President and CEO of PTC. "I welcome Amar to the PTC board and look forward to working with him."
"I've been impressed with the strength of PTC's products and the company's success transitioning to a recurring revenue model, and I'm enthusiastic about the SaaS transformation that is currently underway. I'm excited to work with the PTC board to help the company realize its full potential," said Hanspal.
Hanspal earned a bachelor's degree in mechanical engineering from Bombay University and a master's degree in mechanical engineering from State University of New York at Stony Brook. He has also completed the executive managerial program at Stanford University.
About PTC (NASDAQ: PTC)
PTC enables global manufacturers to realize double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency, and increase workforce productivity. In combination with an extensive partner network, PTC provides customers flexibility in how its technology can be deployed to drive digital transformation – on premises, in the cloud, or via its pure SaaS platform. At PTC, we don't just imagine a better world, we enable it.
Media Contact
Corporate Communications
Greg Payne
gpayne@ptc.com
Investor Contact
Investor Relations
Matt Shimao
mshimao@ptc.com
PTC and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or its subsidiaries in the United States and other countries.
View original content to download multimedia:https://www.prnewswire.com/news-releases/ptc-appoints-amar-hanspal-to-board-of-directors-301503173.html
SOURCE PTC Inc.
FAQ
Who is Amar Hanspal and what is his role at PTC?
What experience does Amar Hanspal have that benefits PTC?
What does Amar Hanspal say about PTC's direction?
When did PTC announce Amar Hanspal's appointment?
