PTC Appoints Mark Benjamin to Its Board of Directors

Rhea-AI Summary

PTC has appointed Mark D. Benjamin to its Board of Directors, effective February 10, 2021. Benjamin, the current CEO of Nuance Communications, brings extensive experience in driving growth in cloud, SaaS, and IoT solutions. PTC's President and CEO, Jim Heppelmann, emphasized Benjamin's innovative track record, viewing it as a significant asset for enhancing PTC's leadership in SaaS. Benjamin expressed enthusiasm for joining PTC at a pivotal time for digital transformation.

Positive

• Mark D. Benjamin's appointment is expected to bring valuable expertise to PTC's SaaS leadership.
• His experience in cloud and IoT solutions may drive future growth initiatives.

Negative

• None.

BOSTON, Jan. 21, 2021 /PRNewswire/ -- PTC (NASDAQ: PTC) has appointed Mark D. Benjamin to its Board of Directors effective February 10, 2021.

"Mark's depth and breadth of experience driving growth initiatives for cloud, SaaS, and IoT solutions establish him as an innovator with a proven track record of success," said Jim Heppelmann, President and CEO, PTC. "Mark brings a valuable layer of expertise to our organization as we work to strengthen our leadership position in SaaS. We look forward to welcoming him to the Board."

Benjamin currently serves as CEO of Nuance Communications, Inc. (NASDAQ: NUAN), an artificial intelligence technology company providing solutions for large enterprises across the globe. Prior to joining Nuance, Benjamin served as President and COO of NCR Corporation and President of Global Enterprise Solutions at ADP.

"PTC is clearly differentiated as a leader in industry-defining technologies including industrial IoT, augmented reality, and SaaS," said Benjamin. "There is a clear synergy between my experience and the company's long-standing heritage in digital transformation. I am pleased to be joining the PTC board during this important juncture and look forward to lending my support as the company continues to innovate in these transformative technology fields."

Benjamin holds a bachelor's degree in International Finance and Marketing from the University of Miami.

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.

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SOURCE PTC Inc.

FAQ

Who is Mark D. Benjamin and what is his role at PTC?

Mark D. Benjamin is the newly appointed member of PTC's Board of Directors effective February 10, 2021.

What experience does Mark D. Benjamin bring to PTC?

He has extensive experience in cloud, SaaS, and IoT from his previous leadership roles at Nuance Communications, NCR Corporation, and ADP.

How might Mark D. Benjamin's appointment affect PTC?

His appointment could strengthen PTC's leadership in SaaS and drive growth initiatives in digital transformation.

When did Mark D. Benjamin join the PTC Board?

He joined the PTC Board of Directors effective February 10, 2021.

What is the stock symbol for PTC?

The stock symbol for PTC is PTC.