PTC Appoints Thomas V. Butta Chief Marketing Officer
NEEDHAM, Mass. – February 6, 2002 – PTC, The Product Development Company™, today announced the appointment of Thomas V. Butta as Chief Marketing Officer (CMO). Butta is chartered with cementing PTC's position as the preeminent partner for companies who value product development. This strategy will be unveiled at an upcoming PTC event for financial analysts, industry analysts and select media on February 12, 2002, in Boston.
C. Richard Harrison, PTC president and chief executive officer commented, "Naming a strong, creative leader as our CMO underscores our goal to sustain our lead in the product development market. Tom's job is to leverage the collective knowledge and experience we have to demonstrate that no company knows more, cares more or does more to help its customers win with superior products."
"Product development is part of the strategic corporate infrastructure that drives top line revenue and shareholder value," said Butta. "In this competitive economy, many CEOs are realizing their company's viability and future success lies in the ability to quickly develop and deliver blockbuster products. I am focused on making sure that when these companies think about product development, they turn to PTC."
Butta joins PTC after having been CMO at Red Hat, Inc., and CEO of FGI Inc., a strategic marketing services firm. Throughout his career, Butta has specialized in helping position companies to win. Butta will report to Barry Cohen, executive vice president for marketing, human resources, partners, and customer strategy.
About PTC
PTC (Nasdaq: PMTC) develops, markets, and supports software solutions that help manufacturers get superior products to market before their competitors. PTC is the world's largest software company with a total commitment to product development. The company services more than 33,000 customers worldwide. Further information on PTC is available at http://www.ptc.com
Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These include: the success of our marketing, partnering and customer satisfaction initiatives; our ability to realize revenue from the larger, strategic business opportunities we are pursuing as well as from our point solutions; and the effects of a weakening economy which may impact the overall demand for software and related services; as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the company's most recent reports on Form 10-K and 10-Q.
PTC and its logo, The Product Development Company, Product Development Means Business, Create Collaborate Control, Product First, Pro/ENGINEER, Windchill, and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries.
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