Gillis leaves collaboration player for data protection software specialist

Needham, MA  November 12, 2002  The chief financial officer of collaborative design solution provider PTC has left the company to join VERITAS Software, a provider of applications for data protection and storage management.

Edwin Gillis, a 26-year finance and operations veteran, was executive vice president and CFO at PTC, a company he joined in October 1995. During his seven years at PTC, the company doubled in size to become one of the world's top 20 independent software suppliers.

Prior to joining PTC, Gillis was the CFO for Lotus Development Corp. for four years. Previously, Gillis spent 15 years with Coopers & Lybrand as a certified public accountant and general practice partner and as the partner responsible for the firm's software industry group.

PTC named Thomas Beaudoin acting chief financial officer, effective immediately. Beaudoin joined PTC as senior vice president of finance in 2000. Prior to joining PTC, Beaudoin was CFO at Infinite Content, an i2 B2B software company. He has also held senior management positions at Compaq Computer Corp.

Since joining PTC, Beaudoin has had responsibility for the company's worldwide finance organization. He also chairs the company's operating committee and is a member of PTC's strategic planning team.

Mountain View, Calif.-based VERITAS, with 2001 revenues of $1.5 billion, ranks among the top 10 software companies in the world.

VERITAS had seen its previous CFO, Kenneth Lonchar, resign in October after it was revealed that he had misstated his educational credentials, including incorrectly claiming to have received a master's degree in business administration from Stanford University.

Following Lonchar's resignation, Jay Jones, senior vice president and chief administrative officer, had assumed the role of acting CFO while the company searched for a permanent replacement.