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Agency / Source: Parametric Technology Corporation (PTC)

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PTC Appoints Paul A. Lacy to its Board of Directors - PTC® (Nasdaq: PMTC), The Product Development Company®, today announced the appointment of Paul A. Lacy to its Board of Directors
PTC Appoints Paul A. Lacy to its Board of Directors

 

PRZOOM - /newswire/ - Needham, MA, United States, 2009/11/24 - PTC® (Nasdaq: PMTC), The Product Development Company®, today announced the appointment of Paul A. Lacy to its Board of Directors. NASDAQ: PMTC

   
 
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"We look forward to Paul joining PTC, as we continue to build out our board of directors in support of our long-term strategy," said C. Richard Harrison, chairman and chief executive officer, PTC. "Paul's strong technology and financial background will be an asset for PTC as we focus on driving sustainable EPS growth driven primarily by organic revenue growth."

Most recently, Mr. Lacy served as president and secretary at Kronos, Inc., serving as president from 2005 to 2008. Mr. Lacy also held chief financial officer and other senior finance roles at Kronos from 1988 to 2005. Prior to Kronos, Mr. Lacy held senior finance positions at Remanco Systems Corporation, Bird, Inc., and Bose Corporation. He holds a JD from Boston College Law School and BS in Accounting from Boston College.

Mr. Lacy commented, "I am looking forward to joining the board of a recognized leader in the PLM space. PTC's market and product positioning, in addition to its strong financial position, support a compelling strategy to generate long-term shareholder value."

Mr. Lacy's appointment is effective December 1, 2009. Mr. Lacy also serves on the Board of International Decision Systems, Inc.

About PTC
PTC (ptc.com) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s PLM, CAD and related solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Consumer and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations.

 
 
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Agency / Source: Parametric Technology Corporation (PTC)

 
 

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PTC Appoints Paul A. Lacy to its Board of Directors

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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Parametric Technology Corporation (PTC) securities in any jurisdiction including any other companies listed or named in this release.

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