PTC Appoints Trac Pham to Board of Directors

Rhea-AI Summary

PTC (NASDAQ: PTC) has appointed Trac Pham to its Board of Directors, effective March 17, 2025. Pham, the former Chief Financial Officer of Synopsys, will serve on PTC's Audit Committee. During his tenure at Synopsys, Pham led two significant transformations that scaled the company's revenue from $2.0B to $5.1B while expanding operating margins.

Currently serving on the Boards of UKG and SiFive as Audit Committee Chair, Pham brings extensive experience in financial and operational management. Prior to his CFO role at Synopsys, he led corporate finance, financial planning, and strategy at the company, and held leadership positions at Juniper Networks in corporate planning, strategy, and business development.

Positive

• Appointment of experienced financial executive with proven track record of scaling revenue and expanding margins
• Addition of board member with strong audit committee experience
• Strategic expertise in corporate finance, planning, and business development

Negative

• None.

BOSTON, March 13, 2025 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced that it has appointed Trac Pham to its Board of Directors, effective March 17, 2025.

Pham is the former Chief Financial Officer of Synopsys, a recognized leader in electronic design automation and semiconductor development. During his tenure as CFO, Pham led Synopsys through two significant transformations that helped scale the company from $2.0B to $5.1B in revenue while expanding operating margins. He is currently on the Board of Directors of UKG and SiFive, serving as Chair of the Audit Committee for both Boards.

"Trac has an excellent record of financial and operational management, and we're pleased to welcome him to PTC's Board of Directors," said Neil Barua, President and CEO of PTC. "Trac's leadership, industry experience, and success at driving growth and value creation make him a valuable addition to our Board. We look forward to his contributions as we continue our efforts to grow our business and support our customers."

"I've long admired PTC and the impact the company has on how its customers design, manufacture, and service the products we all rely on," said Pham. "I look forward to working with Neil, his leadership team, and my fellow Board members as we continue to execute PTC's strategy and create long-term value for shareholders."

Prior to serving as CFO of Synopsys, Pham led corporate finance, financial planning, and strategy at Synopsys and held leadership roles in corporate planning, strategy, and business development at Juniper Networks.

Pham will serve on the PTC Board's Audit 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

When will Trac Pham join PTC's Board of Directors?

Trac Pham will join PTC's Board of Directors effective March 17, 2025.

What was Trac Pham's achievement as CFO at Synopsys?

As CFO, Pham led Synopsys through two transformations that grew revenue from $2.0B to $5.1B while expanding operating margins.

What committee will Trac Pham serve on PTC's Board?

Trac Pham will serve on PTC's Audit Committee.

What other board positions does Trac Pham currently hold?

Pham serves on the Boards of UKG and SiFive as Chair of the Audit Committee for both companies.