PTC Inc. Strengthens Leadership with Appointment of Trac Pham to Board of Directors

PTC Inc. (NASDAQ: PTC), a prominent player in the global software industry, has announced the appointment of Trac Pham to its Board of Directors, effective March 17, 2025. This strategic move comes as PTC continues to enhance its leadership team amid ongoing efforts to drive growth and create shareholder value.

Trac Pham is widely recognized for his extensive experience in financial and operational management, particularly during his tenure as Chief Financial Officer at Synopsys, a leader in electronic design automation and semiconductor development. Under Pham's leadership, Synopsys experienced a remarkable transformation, scaling its revenue from $2.0 billion to $5.1 billion while also expanding operating margins. His track record positions him as a valuable asset to PTC as the company navigates the complexities of the evolving industrial and manufacturing sectors.

In addition to his role at Synopsys, Pham currently serves on the Boards of Directors of UKG and SiFive, where he chairs the Audit Committee for both organizations. This experience further complements his capabilities in overseeing financial integrity and strategic growth initiatives.

Neil Barua, President and CEO of PTC, expressed enthusiasm about Pham’s appointment, stating, "Trac has an excellent record of financial and operational management, and we're pleased to welcome him to PTC's Board of Directors. His leadership, industry experience, and success at driving growth and value creation make him a valuable addition to our Board. We look forward to his contributions as we continue our efforts to grow our business and support our customers."

In response, Pham conveyed his admiration for PTC and the company's impact on the industries it serves. "I've long admired PTC and the impact the company has on how its customers design, manufacture, and service the products we all rely on," he noted. Pham expressed his eagerness to collaborate with Barua, the leadership team, and fellow Board members to execute PTC's strategic objectives and enhance long-term value for shareholders.

PTC is headquartered in Boston, Massachusetts, and employs over 7,000 people while supporting more than 30,000 customers globally. The company's core mission is to enable industrial and manufacturing companies to digitally transform their processes, enhancing how products are designed, manufactured, and serviced. Pham's appointment comes at a pivotal time when digital transformation is increasingly critical for businesses seeking to remain competitive in a rapidly changing landscape.

With Pham joining the Board and serving on the Audit Committee, PTC is positioning itself for sustained growth and innovation, ensuring that the company remains at the forefront of technological advancements in the manufacturing sector.

The appointment of Trac Pham to PTC's Board of Directors is a significant development for the company as it seeks to bolster its leadership team with expertise that can drive further growth and operational excellence. As PTC continues to navigate the digital transformation landscape, Pham's extensive experience and proven track record will be instrumental in steering the company toward achieving its strategic goals and delivering value to shareholders.