TTM Technologies, Inc. Announces Retirement of Board Member and Appointment of a New Chairman
May 12 2021 - 04:05PM
TTM Technologies, Inc. (NASDAQ: TTMI), a leading global printed
circuit board (“PCB”) and radio frequency (“RF”) components and
assemblies manufacturer, announced today that Robert E. Klatell has
retired from his position as Chairman of the Board and Board member
of TTM in accordance with TTM’s Corporate Governance Policy that
proscribes a mandatory retirement for Directors at the age of 75.
Mr. Klatell has served as a Director of our Company since September
2004 and our Chairman of the Board since May 2005.
TTM also announced that effective May 12, 2021, Rex D. Geveden
has been appointed by the unanimous vote of the remaining Directors
to serve as Chairman on the Company’s Board of Directors. Mr.
Geveden has served as a Director on TTM’s board since 2018 and
currently is the president and chief executive officer of BWX
Technologies, Inc. (NYSE: BWXT), a $2.1 billion nuclear industrial
conglomerate headquartered in Lynchburg, VA. Previously, Mr.
Geveden was executive vice president at Teledyne Technologies
Incorporated, a provider of electronic subsystems and
instrumentation for aerospace, defense and other uses. Mr. Geveden
is a former Associate Administrator of the National Aeronautics and
Space Administration (“NASA”), where he was responsible for all
technical operations within the agency’s $16 billion portfolio and
served in various other positions with NASA in a career spanning 17
years. Mr. Geveden holds both a bachelor’s and master’s degrees in
physics from Murray State University.
“We are very appreciative of the exceptional service of Rob
Klatell over the years. We have benefitted immeasurably from his
leadership as the Board’s Chairman and his many other contributions
to the success of TTM, particularly as we strengthened our company
through strategic acquisitions and divestitures aimed at further
differentiating our leading position in the PCB industry,” said Tom
Edman, President and CEO of TTM. “We are also pleased to have Rex
take the helm as our next Chairman. His extensive background in
industrial technology, coupled with his experience in the aerospace
and defense sector, will bolster the Board’s capabilities as we
look forward to the future for TTM.”
After Mr. Klatell’s retirement and Mr. Geveden’s appointment,
TTM’s Board will consist of eight directors, seven of whom are
independent under NASDAQ rules.
About TTMTTM Technologies, Inc. is a leading
global printed circuit board manufacturer, focusing on quick-turn
and volume production of technologically advanced PCBs and
backplane assemblies as well as a global designer and manufacturer
of high-frequency radio frequency (RF) and microwave components and
assemblies. TTM stands for time-to-market, representing how TTM's
time-critical, one-stop manufacturing services enable customers to
shorten the time required to develop new products and bring them to
market. Additional information can be found at www.ttm.com.
Contact:
Sameer DesaiSenior Director, Corporate Development &
Investor RelationsTTM Technologies, Inc.+1 714 327
3050sameer.desai@ttmtech.com
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