CEO Succession

In February 2024, Neil Barua will succeed Jim Heppelmann as the next CEO of PTC

Get To Know Neil Barua

Neil has an extensive background in the technology industry and a proven track record of growing businesses. Neil is the former Chief Executive Officer of ServiceMax which PTC acquired in January 2023. Following the acquisition, he led PTC’s Service Lifecycle Management business until his appointment as CEO-elect. Previously, Neil served as an operating partner at Silver Lake, a global leader in technology investing. Earlier in his career, Neil was CEO of IPC Systems, a global provider of specialized technology solutions for the financial services community.

Read the Press Release

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"PTC is a terrific company with great customers, talented employees, and the strongest product portfolio in our industry, and I'm honored to be its next CEO. I look forward to working with Jim and our executive team during this transition and deepening my relationships with our customers, employees, partners, and shareholders."

- Neil Barua


Note From Chairman and CEO Jim Heppelmann

Quotation Mark

Having worked closely with Neil since the ServiceMax acquisition, I can attest first-hand to his focus on our customers’ and employees’ success, his understanding of PTC’s market opportunities for the entire software portfolio, and his principles of financial and operational discipline. I’m confident that Neil, along with our proven executive leadership team, will keep PTC on a path of sustained growth and success."

Jim Heppelmann