PTC Appoints Amar Hanspal to its Board of Directors

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BOSTON, MA, USA, Mar 17, 2022 – PTC (NASDAQ: PTC) has appointed Amar Hanspal to its Board of Directors, effective April 1, 2022.

Amar Hanspal

Hanspal brings more than 30 years of experience driving strategic and operational excellence through a combination of product expertise, strategic team leadership, and high-performance execution.

Throughout his career, Hanspal has driven innovation and digital transformation at a global scale. Most recently, Hanspal served as Chief Executive Officer of Bright Machines, which focuses on factory automation combining robotics, machine vision and machine learning software. As Chief Product Officer and then co-CEO at Autodesk, Hanspal was instrumental in transitioning the company from an on-premises technology and software licensing model to a SaaS-based products and subscription model. He also drove investment into new growth areas for the company, including software for construction and digital fabrication. 

“With his experience and his level of achievement, Amar brings a depth of knowledge about our market and our business that will be a tremendous asset to our board,” said James Heppelmann, President and CEO of PTC.  “I welcome Amar to the PTC board and look forward to working with him.”

“I’ve been impressed with the strength of PTC’s products and the company’s success transitioning to a recurring revenue model, and I’m enthusiastic about the SaaS transformation that is currently underway. I’m excited to work with the PTC board to help the company realize its full potential,” said Hanspal.

Hanspal earned a bachelor’s degree in mechanical engineering from Bombay University and a master’s degree in mechanical engineering from State University of New York at Stony Brook. He has also completed the executive managerial program at Stanford University.

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. For more information, visit https://www.ptc.com.