PTC Appoints James A. Lico to Board of Directors

Rhea-AI Summary

PTC (NASDAQ: PTC) appointed James A. Lico to its Board of Directors, effective October 13, 2025.

Lico is the former President and CEO of Fortive, where he led a post‑Danaher transformation that grew annual revenue to more than $6 billion and oversaw the separation of Fortive’s Precision Technologies segment into the independent company Ralliant. He currently serves on the board of DuPont de Nemours and will join PTC’s Corporate Governance Committee. PTC’s CEO Neil Barua cited Lico’s decades of global industrial‑technology leadership and experience driving customer transformation as reasons for the appointment.

Positive

• Appointing seasoned CEO with decades of leadership experience
• Led Fortive to more than $6 billion in annual revenue
• Oversaw separation of Precision Technologies into Ralliant
• Current board member at DuPont de Nemours, governance committee experience
• Corporate Governance Committee seat at PTC

Negative

• None.

BOSTON, Oct. 13, 2025 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced that it has appointed James (Jim) Lico to its Board of Directors, effective October 13, 2025.

Lico is the former President and Chief Executive Officer of Fortive Corporation, a provider of safety and productivity solutions to industrial and healthcare markets. During his tenure as President and CEO, Lico led Fortive's transformation following its 2016 separation from Danaher Corporation, building a focused portfolio that grew annual revenue to more than $6 billion and overseeing the separation of its Precision Technologies segment into the independent company Ralliant. He is currently on the Board of Directors of DuPont de Nemours, Inc., serving on the People and Compensation Committee and the Environment, Health, Safety & Sustainability Committee.

"Jim brings decades of experience running global businesses and working closely with customers to transform their operations," said Neil Barua, President and CEO, PTC. "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."

"I've spent my career helping technology companies evolve and grow, and PTC is doing exactly that – driving transformation for manufacturers and product companies with its Intelligent Product Lifecycle vision," said Lico. "I'm thrilled to join the PTC Board and look forward to applying my experience as we work to create shareholder value."

Prior to serving as President and CEO of Fortive Corporation, Lico spent nearly two decades at Danaher in senior leadership roles, where he led a broad set of global businesses across test and measurement and industrial technologies. Earlier in his career, he held management positions at AlliedSignal and General Motors.

Lico will serve on the PTC Board's Corporate Governance Committee.

About PTC

PTC (NASDAQ: PTC) is a global software company that enables industrial and manufacturing companies to digitally transform how they design, manufacture, and service the physical products the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.

Media 

Greg Payne

gpayne@ptc.com 

Investors

Matt Shimao

mshimao@ptc.com 

PTC and the PTC logo are trademarks or registered trademarks of PTC Inc. and its subsidiaries in the United States and other countries.

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SOURCE PTC Inc.

FAQ

Who is James A. Lico and why did PTC (PTC) appoint him to the board on October 13, 2025?

James A. Lico is the former President and CEO of Fortive who grew its annual revenue to over $6 billion; PTC appointed him for his industrial technology and growth experience.

When did James A. Lico officially join the PTC (PTC) Board of Directors?

Lico’s appointment to the PTC Board is effective October 13, 2025.

What role will James A. Lico hold on PTC (PTC)’s board?

He will serve as a member of PTC’s Corporate Governance Committee.

What relevant experience does James A. Lico bring to PTC (PTC)?

He led Fortive’s post‑Danaher transformation, oversaw the separation creating Ralliant, and holds board experience at DuPont de Nemours.

How might James A. Lico’s appointment affect PTC (PTC)’s strategy?

PTC cited Lico’s track record in industrial technology and growth as supportive for the company’s efforts to expand its business and support customers.

Does James A. Lico currently serve on any other public company boards?

Yes, he currently serves on the board of DuPont de Nemours, including roles on compensation and sustainability committees.