James A. Lico Appointed to PTC Board of Directors
PTC (NASDAQ: PTC) has announced the appointment of James (Jim) Lico to its Board of Directors, marking a significant addition to their leadership team. His extensive experience in managing global companies positions him as a vital asset as PTC continues its mission to drive innovation within the manufacturing sector.
Leadership Experience and Insights
With a robust background in industrial technology, Lico previously served as the President and Chief Executive Officer of Fortive Corporation. His tenure at Fortive was marked by a substantial transformation that came after its separation from Danaher Corporation in 2016. Under his leadership, Fortive developed a focused portfolio that significantly increased annual revenues to over $6 billion. Additionally, he successfully oversaw the separation of its Precision Technologies segment into the independent company Ralliant.
As an experienced board member, he currently participates in the Board of Directors for DuPont de Nemours, Inc., where he contributes to both the People and Compensation Committee and the Environment, Health, Safety, & Sustainability Committee. This experience further reinforces his capability to lend strategic guidance to PTC.
Statements from Leadership
Neil Barua, President and CEO of PTC, expressed enthusiasm about Lico's appointment: "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 our efforts to grow our business and support our customers."
Lico himself stated, "I've spent my career helping technology companies evolve and grow, and PTC is doing exactly that. PTC is driving transformation for manufacturers and product companies with its Intelligent Product Lifecycle vision. I'm thrilled to join the PTC Board and look forward to applying my experience as we work to create shareholder value." This reflects his commitment to enhancing PTC's strategic initiatives aimed at generating value for shareholders.
A Rich History in Technology
Before his role at Fortive, Lico accumulated nearly two decades of experience at Danaher, where he held various senior leadership positions overseeing global businesses in test and measurement, as well as industrial technologies. His professional journey included significant roles at well-known firms such as AlliedSignal and General Motors, providing him with a diverse perspective on technological advancements and market demands.
Strategic Committees and Responsibilities
Within his new role at PTC, Lico will serve on the company’s Corporate Governance Committee, allowing him to play an active role in shaping the company’s policies and governance structure. His wealth of experience in tech innovation and operational strategy will be critical as PTC continues to expand its influence in the digital transformation space.
About PTC
PTC (NASDAQ: PTC) is a leading global software company focused on helping industrial and manufacturing companies undergo digital transformation in their design, manufacturing, and service processes for the physical products that drive the global economy. Headquartered in Boston, Massachusetts, PTC employs a dedicated team of over 7,000 professionals and serves upwards of 30,000 customers across diverse industries worldwide.
For those looking to learn more about PTC and its innovative solutions, additional information is available on their official website.
Frequently Asked Questions
Who is James A. Lico?
James A. Lico is a seasoned executive with significant experience in running global businesses and has recently been appointed to PTC's Board of Directors.
What role did Lico have before joining PTC?
Before joining PTC, Lico was the President and CEO of Fortive Corporation and has also held various leadership positions at Danaher Corporation.
How does Lico's experience benefit PTC?
His extensive experience in industrial technology and leadership in transforming businesses will help PTC drive growth and innovation.
What committees will Lico serve on at PTC?
Lico will serve on the Corporate Governance Committee, contributing to the company's governance and strategic direction.
What does PTC specialize in?
PTC specializes in providing software solutions that help manufacturers and industrial companies digitally transform their operations, improving design, manufacturing, and service processes.
