Neil Barua (right) will replace James Heppelmann (left) as CEO of Reading-based PTC One of the UK’s leading digital transformation specialists has announced its next global Chief Executive Officer in a major milestone for the company. Reading-based PTC, which supports hundreds of customers in the UK every year, will see Neil Barua, the current president of its Service Lifecycle Management business, succeed James Heppelmann as CEO in February 2024. At that time, Mr Heppelmann will step down as Chief Executive Officer and retire, concluding a successful 26 years of service that will now see him appointed to Chairman of the Board. The CEO transition is the culmination of a comprehensive succession planning process to ensure leadership continuity and to position PTC for continued growth both in the UK and overseas. It comes on the same day that the business reported a 25% increase in annual recurring revenues and free cash flow totaling £132m. Bob Schechter, who has served as Chairman of PTC’s Board of Directors for the last eight years, said: “Neil is the ideal person to lead us in our next chapter. He’s a seasoned technology executive with a proven track record of growing software businesses and supporting […]
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