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TTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies, quick-turn and technologically advanced printed circuit boards (“PCB”), announced recently that Thomas T. Edman, the company’s President and Chief Executive Officer, intends to retire following the appointment of the company’s next President and CEO. The Board of Directors has begun a search for Mr. Edman’s successor, which is expected to conclude before the end of 2025. Mr. Edman will remain as the company’s President and CEO until a successor is named and will continue to serve as a Director of the company and a member of its Government Security Committee following the appointment of a new CEO. These decisions were made in line with the CEO’s succession planning discussions with the Board of Directors over the past few years.
Mr. Edman has served as a Director of the company since 2004, President since 2013, and CEO since 2014, leading TTM through a transformative period of strategic growth, operational excellence and significant financial improvement. Under his leadership, the company reshaped its global manufacturing footprint, significantly strengthened its capabilities for the Aerospace and Defense market, broadened its focus in the Data Center Computing and Networking end markets supporting generative AI, and enhanced its position as a trusted partner to leading technology and industrial companies worldwide.
“After over a decade of leading this incredible organization, I have decided the time is right to step aside,” said Mr. Edman. “It has been the honor of my career to work alongside the talented and dedicated employees of TTM Technologies. I am confident in the company’s future and its ability to continue driving innovation and operational excellence while delivering long-term value to all stakeholders.”
Mr. Edman’s tenure included several key milestones, including the successful integration of multiple acquisitions, divestitures, diversification of the company’s end markets, differentiation of the company’s products, and enhanced focus on high-growth markets such as Aerospace and Defense and Data Center Computing for generative AI applications. His efforts have positioned TTM as a global leader in advanced electronics solutions. To that end, TTM is currently having the strongest first half of any year in its history for revenue growth and margins combined with a solid balance sheet to support projected future growth.
“On behalf of the Board and the entire TTM family, I want to thank Tom for his visionary leadership and tireless commitment,” said Rex Geveden, Chairman of the Board. “Tom has guided the company through pivotal industry changes and leaves a legacy of strategic discipline and innovation that will continue to shape TTM for years to come.”
