PTC Expands Board of Directors with Appointment of Electronics
Industry Veteran Joseph M. O'Donnell
NEEDHAM, Mass., May 27 /PRNewswire-FirstCall/ -- PTC (NASDAQ:PMTC), the
product development company(TM), today announced that Joseph M. O'Donnell has
been appointed to the Board of Directors. O'Donnell is the Chairman, President
and Chief Executive Officer of Artesyn Technologies (NASDAQ:ATSN), a leading
electronic products provider for the communications industry. The appointment
of O'Donnell expands PTC's board to seven members.
O'Donnell has over 25 years of management experience in the electronics
industry, one of PTC's major vertical market segments. He has served as
President and CEO of Artesyn Technologies since 1994, successfully navigating
the company through the telecommunications boom and subsequent market
contraction of the last few years. His prior experience includes serving as
President and CEO of Savin Corporation, a manufacturer of digital imaging
equipment, between 1993 and 1994. O'Donnell also led the formation of GO/DAN
Industries (now TransPro, Inc.) a supplier of heat-transfer products to the
automotive industry, and served as its President and CEO for three years. O'Donnell began his career in engineering, marketing and general management
positions with ITT Industries and General Instrument Corporation. He received
both a Bachelor of Science degree and an MBA from the University of Tennessee.
"Joe's substantial management experience combined with his expertise in
manufacturing and the electronics industry further expands the collective skill
set of PTC's Board of Directors," said Noel G. Posternak, Chairman of the Board
of Directors. "In addition, the appointment of an additional independent
director to PTC's Board reflects our ongoing commitment to strong corporate
governance practices. We are pleased to welcome Joe to PTC's Board of
Directors." Information on PTC Corporate Governance is available at
http://www.ptc.com/go/governance.
About PTC PTC (NASDAQ:PMTC) develops, markets, and supports software solutions that help
manufacturers win with superior products. With a total commitment to product
development and product lifecycle management (PLM), the Company services more
than 35,000 customers worldwide. PTC is included in the S&P 500 and Russell
2000 indices. Further information on PTC is available at http://www.ptc.com/.
PTC, The Product Development Company, and all PTC product names and logos are
trademarks or registered trademarks of Parametric Technology Corporation or its
subsidiaries in the United States and in other countries. All other companies
and products referenced herein have trademarks or registered trademarks of
their respective holders.
Investor Relations Contact:
Meredith Mendola
781-370-6151
Public Relations Contact:
Maria Battaglia
781-370-5245
DATASOURCE: PTC CONTACT: Investor Relations, Meredith Mendola, +1-781-370-6151, ; or Public Relations, Maria Battaglia, +1-781-370-5245, , both of PTC Web site: http://www.ptc.com/
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