Johnstown-based Concurrent Technologies Corp. (CTC), a scientific research and development professional services organization, recently announced President and CEO Edward Sheehan, Jr. will retire on June 30.
Sheehan has worked with the organization for 33 years and served as president and CEO for 18 years. Under his leadership, CTC has grown and earned numerous accolades.
“I am incredibly proud of what we have accomplished,” Sheehan said. “I am also proud of Enterprise Ventures Corporation, CTC’s technology transition partner, and the critical role it plays in advancing delivery of solutions. Our people, culture, and strategy are the foundation of our success, and I am confident that CTC and EVC are well-prepared for this transition and the opportunities ahead. We completed our ten-year strategic plan in 2025 and exceeded the goals and metrics. Additionally, we developed a new strategic plan that positions the company for the future. I believe this is a good time to transition the top leadership of the organization to lead the next phase of organizational growth.”
The CTC board of directors has begun a search for a replacement.
CTC offers clients the ability to design, develop, test, prototype, and build technologies. It collaborates with Enterprise Ventures Corp., its technology transition affiliate, to provide research, development, test, and evaluation work.