PTC Says Robert Schechter Assumed Role Of Chairman - Quick Facts

(RTTNews) - PTC Inc. (PTC) announced that Robert Schechter has assumed the role of chairman of the company's Board of Directors. Schechter succeeds Donald Grierson, who will continue to serve on PTC's board.

Schechter, a PTC director since 2009, is former CEO of NMS Communications Corporation. He has considerable experience in the technology industry, currently serving on the boards of Tremor Video Inc. and EXA Corporation and previously serving on the boards of Unica Corporation and Soapstone Networks.

Prior to NMS Communications, Schechter held positions of chief financial officer and senior vice president at Lotus Development Corporation and was responsible for all sales, marketing, customer service and product development activities outside of North America, as well as Lotus global consulting services. Previously, Schechter was a Partner at Coopers & Lybrand LLP and served as Chairman of the North East Region High Tech Practice.

Schechter assumes the board chair from Donald Grierson, a long-time director who served as Independent Lead Director from 2010 to 2012, and became board chair in 2012. Mr. Grierson will continue to serve as a director of the board and as Chairman of PTC's Compensation Committee.