TTM Technologies, Inc. Announces Retirement Plans of its CEO and Proceeds with CEO Successor Search
TTM Technologies (NASDAQ:TTMI), a leading manufacturer of technology solutions, announced that CEO Thomas T. Edman plans to retire by the end of 2025. The Board has initiated a search for his successor, with Edman continuing as President and CEO until then and remaining as a Director afterward.
Under Edman's leadership since 2014, TTM achieved significant milestones including successful acquisitions, market diversification, and enhanced focus on high-growth sectors like Aerospace and Defense and Data Center Computing for generative AI applications. The company is currently experiencing its strongest first half-year performance in history for revenue growth and margins, with a solid balance sheet supporting future growth.
TTM Technologies (NASDAQ:TTMI), un produttore leader di soluzioni tecnologiche, ha annunciato che il CEO Thomas T. Edman prevede di andare in pensione entro la fine del 2025. Il Consiglio di Amministrazione ha avviato la ricerca del suo successore, con Edman che continuerà a ricoprire il ruolo di Presidente e CEO fino ad allora, rimanendo poi come Direttore.
Sotto la guida di Edman dal 2014, TTM ha raggiunto importanti traguardi, tra cui acquisizioni di successo, diversificazione del mercato e un maggior focus su settori in forte crescita come Aerospaziale e Difesa e Data Center Computing per applicazioni di AI generativa. Attualmente, l’azienda sta vivendo la sua migliore performance nel primo semestre della storia in termini di crescita dei ricavi e margini, con un solido bilancio che supporta la crescita futura.
TTM Technologies (NASDAQ:TTMI), un fabricante líder de soluciones tecnológicas, anunció que el CEO Thomas T. Edman planea retirarse a finales de 2025. La Junta ha iniciado la búsqueda de su sucesor, mientras Edman continuará como Presidente y CEO hasta entonces y permanecerá como Director posteriormente.
Bajo el liderazgo de Edman desde 2014, TTM ha alcanzado hitos importantes, incluyendo adquisiciones exitosas, diversificación de mercado y un enfoque reforzado en sectores de alto crecimiento como Aeroespacial y Defensa y Computación para Centros de Datos para aplicaciones de IA generativa. Actualmente, la empresa está experimentando su mejor desempeño en el primer semestre de su historia en crecimiento de ingresos y márgenes, con un balance sólido que respalda el crecimiento futuro.
TTM Technologies (NASDAQ:TTMI)는 선도적인 기술 솔루션 제조업체로, CEO 토마스 T. 에드먼이 2025년 말까지 은퇴할 계획임을 발표했습니다. 이사회는 그의 후임자를 찾기 위한 절차를 시작했으며, 에드먼은 그때까지 사장 겸 CEO로 계속 재직하며 이후 이사로 남을 예정입니다.
2014년부터 에드먼의 리더십 하에 TTM은 성공적인 인수, 시장 다각화, 그리고 생성 AI 애플리케이션을 위한 항공우주 및 방위산업과 데이터 센터 컴퓨팅 같은 고성장 부문에 집중하는 등 중요한 성과를 달성했습니다. 현재 회사는 매출 성장과 마진 면에서 역사상 가장 강력한 상반기 실적을 기록 중이며, 견고한 재무구조가 미래 성장을 뒷받침하고 있습니다.
TTM Technologies (NASDAQ:TTMI), un fabricant de solutions technologiques de premier plan, a annoncé que le PDG Thomas T. Edman prévoit de prendre sa retraite d'ici la fin 2025. Le conseil d'administration a lancé la recherche de son successeur, Edman continuant à exercer les fonctions de président et PDG jusqu'à cette date, puis restant administrateur par la suite.
Depuis 2014, sous la direction d'Edman, TTM a atteint des jalons importants, notamment des acquisitions réussies, une diversification du marché et une concentration accrue sur des secteurs à forte croissance tels que l'aérospatiale et la défense ainsi que l'informatique des centres de données pour les applications d'IA générative. L'entreprise connaît actuellement sa meilleure performance historique sur le premier semestre en termes de croissance du chiffre d'affaires et de marges, soutenue par un bilan solide favorisant la croissance future.
TTM Technologies (NASDAQ:TTMI), ein führender Hersteller von Technologielösungen, gab bekannt, dass CEO Thomas T. Edman plant, bis Ende 2025 in den Ruhestand zu gehen. Der Vorstand hat die Suche nach seinem Nachfolger eingeleitet, wobei Edman bis dahin weiterhin Präsident und CEO bleibt und anschließend als Direktor im Unternehmen verbleibt.
Unter Edmans Führung seit 2014 erzielte TTM bedeutende Meilensteine, darunter erfolgreiche Übernahmen, Marktdifferenzierung und eine verstärkte Ausrichtung auf wachstumsstarke Bereiche wie Luft- und Raumfahrt sowie Verteidigung und Rechenzentren für generative KI-Anwendungen. Das Unternehmen verzeichnet derzeit die stärkste erste Jahreshälfte der Firmengeschichte hinsichtlich Umsatzwachstum und Margen, unterstützt durch eine solide Bilanz, die zukünftiges Wachstum ermöglicht.
- Company experiencing strongest first half-year performance in history for revenue and margins
- Solid balance sheet position to support future growth
- Planned orderly CEO transition with current CEO remaining as Director
- Strong market positioning in high-growth sectors (Aerospace, Defense, Data Center Computing)
- Potential leadership transition risks with CEO departure after 11-year tenure
- Uncertainty around successor selection and strategy continuity
SANTA ANA, Calif., July 30, 2025 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), 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”), today announced 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.”
The company will hold a webcast and investor call on Wednesday, July 30th at 4:30pm ET/1:30pm PT to discuss its second quarter earnings announcement and this leadership succession plan.
Access to the conference call is available by clicking on the registration link TTM Technologies, Inc. second quarter 2025 conference call. Registering participants will receive dial in information and a unique PIN to join the call. Participants can register at any time up to the start of the conference call. The conference call will also be simulcast on the company’s website, and can be accessed by clicking on the link TTM Technologies Inc. second quarter 2025 webcast. The webcast will remain accessible for one week following the live event.
About TTM
TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including mission systems, RF components, RF microwave/microelectronic assemblies, and quick-turn and technologically advanced PCBs. TTM stands for time-to-market, representing how TTM's time-critical, one-stop design, engineering and manufacturing services enable customers to reduce 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, 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 Relations
TTM Technologies, Inc.
sameer.desai@ttmtech.com
714-327-3050
Winnie Ng
Vice President, Corporate Marketing
TTM Technologies, Inc.
+852 2660 4287 / +1 714 327 3000
winnie.ng@ttm.com
FAQ
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