On July 26, 2023, PTC Inc. announced that Neil Barua will be appointed Chief Executive Officer of PTC effective as of the close of PTC?s 2024 Annual Meeting of Stockholders, which is expected to be held on February 14, 2024 (the Effective Date"). Mr. Barua has served as President of PTC?s Service Lifecycle Management Business since PTC?s acquisition of ServiceMax Inc. in January 2023. Mr. Barua will replace James Heppelmann who, as part of the Board of Directors?

CEO succession plan, will step down from his role as Chief Executive Officer on the Effective Date. Mr. Barua served as Chief Executive Officer of ServiceMax Inc., a recognized leader in cloud-native, product-centric field service management (FSM) software, from April 2019 through January 2023. He served as Chief Executive Officer of IPC Systems Inc., a global provider of specialized technology solutions for the financial services community, where he oversaw the company?s SaaS transformation, from August 2014 to April 2018, and was an operating partner at Silver Lake, a global leader in technology investing, from April 2018 to April 2019.

Mr. Barua holds a B.S. in Finance & Economics from the NYU Stern School of Business. Mr. Barua is 46 years old.