TTM Technologies Founder Kent Alder Retires from Board

TTM Technologies (NASDAQ: TTMI) announced the retirement of its founder and former CEO, Kent Alder, from the company’s board. Alder founded TTM in 1998 and led its growth into a global electronics and PCB leader. The company praised his visionary leadership and commitment to core values like integrity and performance excellence. To honor his legacy, TTM will continue its annual “Alder Award” recognizing top-performing internal teams.

TTM Technologies announced a leadership transition in which James P. Walsh will assume the role of Chief Operating Officer (COO) effective July 1, 2025. The current COO, Philip Titterton, will transition to an advisory role and assist with special operations projects. Walsh, who currently serves as Senior Vice President of Operations (North America) & Global EHSSS, has been with the company since 2019 and brings over 25 years of operations management experience.

Walsh's compensation package includes a $450,000 base salary, a target cash bonus of 60% of his salary, and equity grants in the form of restricted stock units and performance share units. The company confirmed there are no arrangements or conflicts of interest related to his appointment.

The company issued a press release regarding this leadership change, which was furnished as Exhibit 99.1 but not deemed "filed" with the SEC. The report includes cautionary statements regarding forward-looking statements, noting that actual results may differ from projections.