TTM Technologies, Inc. Announces the Retirement of its CFO and Appoints a CFO Successor
02 Août 2023 - 2:30PM
TTM Technologies, Inc. (NASDAQ: TTMI or The Company), a leading
global manufacturer of technology solutions including mission
systems, radio frequency (“RF”) components and RF
microwave/microelectronic assemblies, and printed circuit boards
(“PCB”), today announced that Todd B. Schull, the Company’s Chief
Financial Officer, intends to retire at the end of 2023.
Mr. Schull has also notified the Company of his intention to
step down as the Company’s Executive Vice President & Chief
Financial Officer, effective September 11, 2023. From September 11,
2023 to December 31, 2023, Mr. Schull intends to serve as a special
advisor to the Company’s Chief Executive Officer, Thomas T. Edman.
In addition, the
Company announced today that Daniel L. Boehle, age 51, has been
appointed to succeed Mr. Schull as Executive Vice President and
Chief Financial Officer of the Company, with a projected effective
date of September 11, 2023. Mr. Boehle is expected to join the
Company on August 21, 2023. From August 21, 2023 to September 11,
2023, Mr. Boehle is expected to serve as Executive Vice President
of Finance for the Company.
Mr. Boehle has served as Vice President and Chief Financial
Officer for Aerojet Rocketdyne Holdings, Inc. (“Aerojet”), a
world-recognized technology-based engineering and manufacturing
company that develops and produces specialized power and propulsion
systems, as well as armament systems, since August 2020. From
August 2017 to July 2020, Mr. Boehle was Vice President,
Controller, and Chief Accounting Officer for Aerojet. Before
joining Aerojet, Mr. Boehle served in various leadership roles
across Corporate Accounting, Financial Reporting, and Financial
Planning and Analysis at Northrop Grumman Corporation. Before
joining Northrop Grumman Corporation, he held positions at KPMG LLP
and KPMG Australia Ltd. Mr. Boehle has a B.S. in Accounting from
Loyola Marymount University and a Master of Business Administration
with an Emphasis in Finance and Entrepreneurship from the UCLA
Anderson School of Management.
“Today we reflect on the past and embrace the future. I would
like to thank Todd Schull for his 10 plus years of service to TTM
and congratulate him on his sterling career. I speak for all of the
TTM family as we wish him immense joy and fulfillment in his
retirement. I am grateful for his leadership and friendship and
will always cherish the invaluable contributions he made to TTM and
his partnership with me. While we honor Todd for his career as he
approaches retirement, we welcome Dan with excitement and open
arms. I am confident that with Dan’s experience and expertise, he
will help us to continue to forge a path of excellence as we
execute on our core vision of inspiring innovation as a global
preeminent technology solutions company,” said Tom Edman, TTM’s
Chief Executive Officer.
About TTMTTM Technologies, Inc. is a leading
global manufacturer of technology solutions including mission
systems, RF components/RF microwave/microelectronic assemblies,
quick-turn and technologically advanced PCBs. 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.
Forward-Looking Statements This release
contains forward-looking statements that relate to future events or
performance. TTM cautions you that such statements are simply
predictions and actual events or results may differ materially.
These statements reflect TTM’s current expectations, and TTM does
not undertake to update or revise these forward looking statements,
even if experience or future changes make it clear that any
projected results expressed or implied in this or other TTM
statements will not be realized. Further, these statements involve
risks and uncertainties, many of which are beyond TTM’s control,
which could cause actual results to differ materially from the
forward-looking statements. These risks and uncertainties include,
but are not limited to, the impact of COVID-19, general market and
economic conditions, including interest rates, currency exchange
rates and consumer spending, demand for TTM’s products, market
pressures on prices of TTM’s products, warranty claims, changes in
product mix, contemplated significant capital expenditures and
related financing requirements, TTM’s dependence upon a small
number of customers and other factors set forth in the “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” sections of TTM’s public
reports filed with the SEC.
Contact:Sameer Desai,Vice President, Corporate
Development & Investor
RelationsSameer.desai@ttmtech.com714-327-3050
TTM Technologies (NASDAQ:TTMI)
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