James A. Lico Joins PTC Board of Directors to Drive Transformation Strategy

PTC Strengthens Its Leadership with New Board Member

In a significant move to bolster its leadership team, PTC (NASDAQ: PTC) has appointed James (Jim) Lico to its Board of Directors, effective October 13, 2025. Lico brings a wealth of experience from his notable career in the industrial and technology sectors, most recently serving as the President and CEO of Fortive Corporation. During his tenure at Fortive, he successfully guided the company's evolution following its split from Danaher Corporation in 2016, establishing a focused portfolio that generated over $6 billion in annual revenue. Moreover, Lico was instrumental in the spin-off of Fortive's Precision Technologies division into the independent entity known as Ralliant.

As a testament to his proficiency in steering businesses toward growth, Lico currently holds a position on the Board of Directors at DuPont de Nemours, Inc., where he contributes to both the People and Compensation Committee and the Environment, Health, Safety, and Sustainability Committee.

PTC’s CEO, Neil Barua, expressed enthusiasm about Lico's appointment, commenting, "Jim brings decades of experience running global businesses and working closely with customers to transform their operations. His leadership, deep understanding of industrial technology, and proven ability to drive growth make him a valuable addition to our Board as we continue to grow our business and support our customers." This sentiment highlights Lico's alignment with PTC’s mission to drive transformation in manufacturing and product companies through its Intelligent Product Lifecycle vision.

Lico himself expressed his excitement about joining PTC’s Board, stating, "I’ve spent my career helping technology companies evolve and grow, and PTC is doing exactly that. I’m thrilled to join the PTC Board and look forward to applying my experience as we work to create shareholder value."

Before his leadership role at Fortive, Lico had an extensive career at Danaher, where he spent nearly two decades in various senior leadership positions. His experience spans multiple global businesses focused on test, measurement, and industrial technologies. Additionally, Lico has held management positions at renowned companies such as AlliedSignal and General Motors, showcasing his diverse background and ability to adapt across various sectors.

As a member of PTC's Board's Corporate Governance Committee, Lico will play a crucial role in guiding the company as it navigates an ever-evolving technological landscape. PTC is recognized as a global software company that empowers industrial and manufacturing sectors to digitally transform their design, manufacturing, and service processes. The company's headquarters are located in Boston, Massachusetts, and it boasts a workforce of over 7,000 employees while serving more than 30,000 customers worldwide.

In conclusion, Lico's extensive background in leading business transformations positions him as a pivotal figure in PTC's ongoing journey towards innovation and customer support. With this strategic addition to the Board, PTC is poised to accelerate its growth and maintain its competitive edge in the global market. For more detailed information about PTC's initiatives and offerings, visit PTC’s website.