BOSTON, MA, Oct 15, 2025 – PTC has announced that it has appointed James (Jim) Lico to its board of directors, effective October 13, 2025.
Lico is the former president and chief executive officer (CEO) of Fortive Corporation. During his tenure as president and CEO, he led Fortive’s transition after its 2016 spin-off from Danaher Corporation, building a portfolio that generated more than $6 billion in annual revenue. He also oversaw the separation of Fortive’s Precision Technologies segment into Ralliant. Lico currently serves on the board of directors of DuPont de Nemours, Inc., where he is a member of the people and compensation committee and the environment, health, safety, and sustainability committee.
“Jim brings decades of experience running global businesses and working closely with customers to transform their operations,” said Neil Barua, president and CEO, PTC. “His leadership, deep understanding of industrial technology, and proven ability to drive growth make him a valuable addition to our Board as we continue our efforts to grow our business and support our customers.”
“I’ve spent my career helping technology companies evolve and grow, and PTC is doing exactly that – driving transformation for manufacturers and product companies with its Intelligent Product Lifecycle vision,” said Lico. “I’m thrilled to join the PTC Board and look forward to applying my experience as we work to create shareholder value.”
Before becoming president and CEO of Fortive Corporation, Lico spent nearly 20 years at Danaher in senior leadership roles, managing global businesses. Earlier in his career, he held management positions at AlliedSignal and General Motors.
Lico will serve on PTC board’s corporate governance committee.
Source: PTC
About PTC
PTC Inc., founded in 1985 and based in Boston, develops software for digital transformation across industries. Its offerings include product lifecycle management, computer-aided design, the industrial internet of things, and augmented reality. These tools support product design, manufacturing and service operations. PTC serves sectors such as aerospace, automotive, electronics and industrial equipment. Its software is used by more than 30,000 customers globally, including 95% of Fortune 500 discrete manufacturers. With approximately 7,500 employees worldwide, the company continues to grow through a subscription-based model, focusing on enabling efficient, digital product innovation.