PR89243

BOSTON, April 28, 2021 /PRNewswire=KYODO JBN/ --

     - Kathleen Mitford to Join Microsoft; Catherine Kniker Promoted to New

Chief Strategy Officer

PTC [

https://c212.net/c/link/?t=0&l=en&o=3142546-1&h=3779970938&u=https%3A%2F%2Fwww.ptc.com%2F%3Futm_source%3Dmitfordknikerpressrelease%26utm_medium%3Dprnewswirepressrelease%26utm_campaign%3Dmitfordkniker&a=PTC

](NASDAQ: PTC) today announced that Catherine Kniker has been promoted to EVP

and Chief Strategy Officer, replacing Kathleen Mitford who will leave PTC to

join Microsoft as Corporate Vice President, Azure Marketing.

Logo - https://mma.prnewswire.com/media/1313772/ptc_Logo.jpg

"Joining Microsoft is a great career opportunity for Kathleen. We are happy for

her and pleased that she will remain within the PTC ecosystem. We look forward

to working with her in her new role," said Jim Heppelmann, President and CEO,

PTC. "Over the past 15 years, Kathleen has been instrumental in helping me

shape PTC into the company it is today. While I will miss her contribution to

PTC, having her in a leadership position at Microsoft will only deepen what is

already a strong and mutually beneficial relationship between our two

companies. I couldn't be more proud of Kathleen, and wish her the very best in

this new chapter of her career."

PTC and Microsoft have a long-standing and strong alliance. "Kathleen brings a

depth of expertise in the areas of cloud strategy, product engineering,

marketing, and the needs of customers. We're excited to welcome her to

Microsoft," said Takeshi Numoto, Commercial Chief Marketing Officer, Microsoft.

"PTC is a valued partner and we look forward to our continued work together."

During her tenure at PTC, Mitford held a range of executive roles, including

leading the market and competitive strategy team, and then leading the

company's core products group including the global research and development

efforts. Most recently, as EVP and Chief Strategy Officer, Mitford was

responsible for overseeing the company's strategy, corporate development,

strategic alliances, corporate marketing, and academic programs. Mitford has

helped define the company's strategy for growth in the Internet of Things (IoT)

[

https://www.ptc.com/en/technologies/iiot?utm_source=mitfordknikerpressrelease&utm_medium=prnewswirepressrelease&utm_campaign=mitfordkniker

], Augmented Reality (AR) [

https://www.ptc.com/en/technologies/augmented-reality?utm_source=mitfordknikerpressrelease&utm_medium=prnewswirepressrelease&utm_campaign=mitfordkniker

], and SaaS markets. Mitford is a frequent speaker and advocate for initiatives

to drive inclusion, diversity, and women in technology. She has received

leadership awards from the Massachusetts Technology Leadership Council and the

Manufacturing Institute.

Replacing Mitford in the role of Chief Strategy Officer is Catherine Kniker.

Kniker first joined PTC in 2016 as Chief Revenue Officer for the company's

fast-growing IoT and AR business unit. Later, she moved into a new role

managing PTC's strategic global alliances, including PTC's alliances with

Microsoft, Rockwell Automation, and Ansys, and then leading PTC's global

corporate development program spearheading the acquisition of Arena Solutions [

https://c212.net/c/link/?t=0&l=en&o=3142546-1&h=979155079&u=https%3A%2F%2Fwww.ptc.com%2Fen%2Fnews%2F2021%2Fptc-named-leader-in-plm-vendor-ranking%3Futm_source%3Dmitfordknikerpressrelease%26utm_medium%3Dprnewswirepressrelease%26utm_campaign%3Dmitfordkniker&a=acquisition+of+Arena+Solutions

], the largest acquisition in PTC's history. Prior to joining PTC, Kniker

served in senior strategy, corporate development, sales and marketing roles at

Constant Contact, Syneron Candela, and Genuity.

"Catherine joined PTC at a key moment in our company's transformation and has

been a high impact contributor ever since," continued Heppelmann. "I am

confident in her leadership skills and know she will seamlessly transition to

this important new role. I welcome her as a direct member of my executive

leadership team."

About PTC (NASDAQ: PTC)

PTC enables global manufacturers to realize double-digit impact with software

solutions that enable them to accelerate product and service innovation,

improve operational efficiency, and increase workforce productivity. In

combination with an extensive partner network, PTC provides customers

flexibility in how its technology can be deployed to drive digital

transformation – on premises, in the cloud, or via its pure SaaS platform. At

PTC, we don't just imagine a better world, we enable it.

PTC.com [

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]

@PTC [

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Media Contact

PTC

Corporate Communications

Greg Payne

gpayne@ptc.com

Investor Contact

PTC

Investor Relations

Emily Walt

ewalt@ptc.com

PTC and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or

its subsidiaries in the United States and other countries.

SOURCE  PTC Inc.