Neil Barua

Neil Barua was appointed to Carrier Global Corporation's Board of Directors effective July 24, 2026, serving on both the Technology and Innovation and Compensation Committees. Barua is President and Chief Executive Officer of PTC Inc., a global software company specializing in industrial innovation. He brings a track record of successfully leading scale enterprises while applying AI to drive digital transformations across industrial companies.

Barua holds a B.S. in Finance & Economics from the NYU Stern School of Business. His career spans more than 23 years across global operations, financial, and executive positions. Early in his career, he served as an Operating Partner at private equity firm Francisco Partners and was part of the leadership team at Global Crossing through its restructuring and sale to Level 3 Communications.

Career History

• President and Chief Executive Officer, PTC Inc. (February 2024–present)
• President, Service Lifecycle Management business, PTC Inc. (January–July 2023) — following PTC's acquisition of ServiceMax
• Chief Executive Officer, ServiceMax, Inc. (April 2019–January 2023) — transformed the company into a recognized leader in field service management
• Operating Partner, Silver Lake (April 2018–April 2019)
• Chief Executive Officer, IPC Systems, Inc. (August 2014–April 2018) — oversaw the company's SaaS transformation

What Neil Barua could bring to Carrier Global Corporation: Barua's appointment reflects Carrier's strategic interest in accelerating digital transformation and AI integration. As PTC's CEO, he has focused on helping manufacturers innovate faster, adapt to labor shortages, embrace AI, and prepare for geopolitical uncertainty. His deep expertise in cloud-native software, field service management, and SaaS transformation, combined with his track record at ServiceMax and IPC Systems, positions him to guide Carrier's strategy in intelligent climate and energy solutions while leveraging data integration and generative AI capabilities to enhance customer experience and operational efficiency.