PTC Appoints Dr. Klaus Hoehn to Its Board Of Directors

Needham, MA, USA, June 8, 2015PTC (Nasdaq: PTC) today announced the appointment of Klaus G. Hoehn, Ph.D. to its Board of Directors.

Dr. Hoehn is Vice President, Advanced Technology and Engineering, Deere & Company, a position he has held since January 2006. In this role, he has corporate-level responsibility for directing advanced technology development and engineering services that support worldwide agricultural, construction, and commercial and consumer equipment design and manufacturing.

Following a distinguished academic career as a tenured professor in Europe and Africa, Dr. Hoehn joined Deere & Company in 1992 where he has served in significant technology and engineering leadership positions. In 1998, Hoehn was named Director, Worldwide Tractor and Component Engineering with global responsibility for Deere’s Tractor Engineering and Component Technology development.

"As an executive, a technologist, an academic, and an engineer, Klaus Hoehn brings a wealth of experience and expertise in driving technology innovation to our board of directors," said Jim Heppelmann, president and CEO, PTC. "His tenure with John Deere, a major long-term customer and an exemplar organization regarding the use of innovative engineering, manufacturing, service, and connectivity approaches, makes Klaus uniquely qualified to bring the voice of the customer to our boardroom with broad perspective on the challenges facing customers as they navigate into the Internet of Things. We are excited to welcome Klaus and look forward to his contributions to PTC's board."

Dr. Hoehn is a member of VDI, the German engineering association, and a previous board member of VDI's Max-Eyth-Society. Hoehn is also a member of the Society of Automotive Engineers, a previous member of the SAE Board of Directors, and a previous member of SAE Foundation Board of Trustees. He also was recognized as a Fellow of SAE in 2012 and currently serves on the Executive Nomination Committee at SAE. He additionally served on the advisory boards of Iowa State University, the University of Michigan, and the Fraunhofer Institute of Factory Operation and Automation in Magdeburg, Germany. Dr. Hoehn also serves on the bipartisan U.S. Council on Competitiveness as co-chair of the Technology Leadership & Strategy Initiative.

"In this fast-changing world, innovation is a critical competency of a sustainable business and is essential as much to the success of PTC as it is to John Deere," said Dr. Hoehn. "I very much look forward to sharing my experience and education in contributions to the Board of Directors."