New CEO for PTC

Parametric Technology (NASDAQ: PMTC), a Needham, MA-based maker of engineering and product development software that goes by PTC for short, announced that its president and chief operating officer James Heppelmann will replace C. Richard Harrison as CEO, effective October 1, 2010. Harrison will take on the role of executive chairman of PTC. Heppelmann joined the company in 1998 when PTC acquired Windchill Technology, a product lifecycle management software company that Heppelman founded. (Disclosure: the writer of this story is a former employee of PTC.)

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