PTC Appoints Rob Bernshteyn to Board of Directors
Rhea-AI Summary
PTC (NASDAQ: PTC) has appointed Rob Bernshteyn to its Board of Directors, effective September 9, 2024. Bernshteyn, a veteran with over 30 years of experience in enterprise software, notably served as CEO and Chairman of Coupa Software for 14 years. During his tenure, he led Coupa's transformation into a high-growth industry leader and its successful IPO in 2016. Currently a General Partner at ICONIQ Growth, Bernshteyn brings valuable expertise in executive management, product development, and go-to-market strategies.
PTC's CEO, Neil Barua, expressed confidence in Bernshteyn's ability to contribute to the company's growth and customer delivery. Bernshteyn, who holds an MBA from Harvard Business School, will serve on PTC's Board's Compensation & People Committee.
Positive
- Appointment of an experienced industry leader to the Board of Directors
- Bernshteyn's proven track record in growing a public company and leading a successful IPO
- Addition of expertise in executive management, product development, and go-to-market strategies
Negative
- None.
News Market Reaction – PTC
On the day this news was published, PTC declined 3.05%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Bernshteyn has held leadership and executive roles in the enterprise software space for over 30 years, including 14 years as CEO and Chairman of Coupa Software, a provider of business spend management solutions. During his tenure at Coupa, Bernshteyn transformed the company into a high-growth industry leader and led a successful IPO in 2016. He is currently a General Partner at ICONIQ Growth.
"We're pleased to welcome Rob to PTC's Board of Directors," said Neil Barua, CEO of PTC. "Rob has a keen understanding of what it takes to lead and grow a high-performing public company and a proven track record that spans executive management, product, and go-to-market disciplines. We look forward to having Rob's point of view as we continue our work to grow the business and deliver for our customers."
"I'm thrilled to join PTC's Board of Directors," said Bernshteyn. "PTC is an incredible company and plays a critical role in how the world's leading product companies design, manufacture, and service the products that we rely on every day. I look forward to working with Neil and his leadership team and my fellow Board members as we continue elevating PTC's position as an industry leader."
Bernshteyn holds an MBA from Harvard Business School and a B.S. in Information Systems from the State University of
Bernshteyn will serve on the PTC Board's Compensation & People Committee.
About PTC
PTC (NASDAQ: PTC) is a global software company that enables industrial and manufacturing companies to digitally transform how they design, manufacture, and service the physical products that the world relies on. Headquartered in
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PTC and the PTC logo are trademarks or registered trademarks of PTC Inc. and its subsidiaries in
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SOURCE PTC Inc.
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