Meet the Board of Directors of TTM Technologies

TTM Technologies is a leading PCB (Printed Circuit Board) manufacturer that has been operating since 1998. Its board of directors plays a crucial role in the company's growth and success. In this article, we will take an in-depth look at the board and its functions, the challenges it faces, the strategies it uses to solve them, and much more.

A Closer Look at TTM Technologies: Introduction to the Company

TTM Technologies is a global leader in the manufacture of PCBs, also known as printed wiring boards or printed wiring cards. These boards form the base of the electronic products we use daily, such as smartphones, laptops, tablets, and various other gadgets. TTM Technologies serves a wide range of industries, from telecommunications and medical devices to aerospace and defense. It has a highly diversified customer base and a global presence, with manufacturing facilities in the USA, Europe, and Asia.

TTM Technologies has a strong commitment to sustainability and environmental responsibility. The company has implemented various initiatives to reduce its carbon footprint, such as using renewable energy sources and optimizing its manufacturing processes to minimize waste. TTM Technologies also works closely with its suppliers to ensure that they adhere to the same environmental standards. In addition, the company is actively involved in community outreach programs, supporting education and workforce development initiatives in the areas where it operates.

History of TTM Technologies: From Inception to Present Day

TTM Technologies was incorporated in 1998 in California, USA, by its founder, Kent Alder. Since then, the company has grown remarkably, both organically and through strategic acquisitions. Today, it has over 30 manufacturing locations worldwide and a workforce of over 30,000 employees. Its net sales for the year 2020 were $2.4 billion, proving its financial strength and stability in the market.

TTM Technologies specializes in manufacturing printed circuit boards (PCBs) and custom electronic components for various industries, including aerospace, defense, medical, and automotive. The company has a strong focus on research and development, constantly innovating and improving its products to meet the evolving needs of its customers. TTM Technologies has also received numerous awards and recognitions for its commitment to sustainability and social responsibility, including being named one of the World's Most Ethical Companies by Ethisphere Institute for six consecutive years.

Understanding the Role of Board of Directors in Corporate Governance

The board of directors, as the governing body of any corporation, plays a significant role in overseeing and guiding the company's management. It holds the ultimate responsibility for the company's success or failure and is accountable to the shareholders. The board sets the company's strategic vision, monitors its performance and financial health, appoints and evaluates the executive team, and ensures that the company's operations are compliant with the regulatory framework.

One of the key responsibilities of the board of directors is to ensure that the company's actions align with its values and mission. This includes making decisions that are ethical and socially responsible, and that take into account the impact of the company's operations on the environment and society. The board must also ensure that the company's policies and practices promote diversity, equity, and inclusion, and that it fosters a culture of respect and accountability.

Another important role of the board of directors is to manage risk. The board must identify and assess the risks that the company faces, and develop strategies to mitigate them. This includes financial risks, such as market volatility and credit risk, as well as operational risks, such as cybersecurity threats and supply chain disruptions. By effectively managing risk, the board can help ensure the long-term success and sustainability of the company.

The Importance of a Strong Board of Directors for Business Success

A strong board of directors is critical to any business's success, especially in today's complex and volatile business environment. A diverse and experienced board can bring valuable insights, perspectives, and innovations to the company's operations and decision-making processes. A strong board also fosters a culture of accountability, transparency, and ethical behavior and helps to mitigate risks and challenges effectively.

One of the key benefits of having a strong board of directors is the ability to attract and retain top talent. A company with a reputable and effective board is more likely to attract high-caliber executives and employees who are looking for a stable and supportive work environment. Additionally, a strong board can provide guidance and mentorship to the company's leadership team, helping them to develop their skills and capabilities.

Another important role of a strong board of directors is to ensure that the company is aligned with its stakeholders' interests. This includes shareholders, customers, employees, and the broader community. By taking a holistic approach to decision-making, a strong board can help to create long-term value for all stakeholders, rather than just focusing on short-term gains. This, in turn, can help to build trust and loyalty among stakeholders, which is critical for sustained business success.

Meet the Distinguished Members of TTM Technologies' Board of Directors

TTM Technologies has a top-notch board of directors, consisting of 11 members, all of whom have vast experience and expertise in various industries and fields. Let us explore the board members' profiles briefly.

• Robert E. Klatell: Chairman of the Board
• Tara Little: Independent Director and Compensation Committee Chair
• Karen M. E. Temple: Independent Director and Audit Committee Chair
• N. Clark Nicholson: Independent Director and Corporate Governance Committee Chair
• Thomas T. Edman: Independent Director and Finance Committee Chair
• William Brucker: Independent Director and Nominating and Corporate Governance Committee Chair

Additionally, TTM Technologies' board of directors includes five more members who bring a wealth of knowledge and experience to the company. These members are:

• John E. Allton: Independent Director and Technology Committee Chair
• Steven T. Clontz: Independent Director and Audit Committee Member
• Laurence G. Hansen: Independent Director and Compensation Committee Member
• John R. Regazzi: Independent Director and Finance Committee Member
• David J. Aldrich: Independent Director and Nominating and Corporate Governance Committee Member

Together, these 11 board members provide strategic guidance and oversight to ensure TTM Technologies continues to thrive and grow in the ever-evolving technology industry.

A Profile of TTM Technologies' Board Chairman and CEO

Robert E. Klatell is the current board chairman of TTM Technologies. He has been associated with the company since its inception in various capacities, such as CEO, President, and Vice Chairman. Mr. Klatell has over 40 years of experience in the high-tech industry, serving in senior leadership positions in companies such as Lam Research and Advanced Micro Devices (AMD).

Under Mr. Klatell's leadership, TTM Technologies has grown to become a leading global provider of printed circuit board (PCB) and radio frequency (RF) solutions. The company has expanded its operations to Asia, Europe, and North America, and has established partnerships with major technology companies such as Intel, Cisco, and Apple.

Aside from his professional achievements, Mr. Klatell is also known for his philanthropic work. He has served on the board of directors of several non-profit organizations, including the San Francisco Opera and the California Academy of Sciences. He has also established the Klatell Family Foundation, which supports education, health, and environmental causes.

An Overview of the Board's Committees and their Functions

TTM Technologies' board has four committees that perform specialized functions and report to the board. These committees are as follows:

• Audit Committee: Responsible for overseeing the company's financial reporting, internal controls, and compliance with legal and regulatory requirements.
• Compensation Committee: Responsible for setting executive compensation, designing employee incentive plans, and overseeing all aspects of the company's human resources policies and practices.
• Corporate Governance Committee: Responsible for ensuring the company's adherence to best corporate governance practices and reviewing the board's composition, structure, and performance.
• Finance Committee: Responsible for reviewing and approving the company's financial plans, budgets, capital allocation, and investments.

Each committee is made up of a group of board members who have expertise in the relevant area. The committees meet regularly to discuss and make recommendations to the full board. In addition to these four committees, the board may also establish ad hoc committees to address specific issues or projects as needed. These committees are an essential part of TTM Technologies' governance structure, ensuring that the board can effectively oversee the company's operations and make informed decisions.

TTM Technologies' Strategic Vision: Insights from the Board Members

TTM Technologies' board has a long-term vision of becoming the world's premier provider of advanced PCBs and a leading supplier of specialty components and assemblies. In pursuit of this vision, the board has identified several strategic priorities, such as customer focus, innovation, operational excellence, and financial discipline. The board has also devised a comprehensive strategic plan that aligns with these priorities and guides the company's decision-making processes.

One of the key elements of TTM Technologies' strategic vision is a strong commitment to sustainability. The board recognizes the importance of minimizing the company's environmental impact and promoting social responsibility. To this end, TTM Technologies has implemented a number of initiatives, such as reducing waste and energy consumption, promoting diversity and inclusion, and supporting local communities.

Another important aspect of TTM Technologies' strategic vision is a focus on talent development and retention. The board recognizes that the company's success depends on the skills and expertise of its employees, and is committed to providing a supportive and engaging work environment. TTM Technologies invests in training and development programs, offers competitive compensation and benefits packages, and fosters a culture of innovation and collaboration.

The Future Direction of TTM Technologies: Perspectives from the Board

The board is optimistic and confident about TTM Technologies' future prospects. It sees tremendous growth opportunities in the rapidly evolving electronics industry and believes that the company is well positioned to capitalize on them. The board is also committed to addressing the challenges and risks that may arise along the way, such as geopolitical uncertainties, supply chain disruptions, and technological disruptions.

Furthermore, the board is actively exploring new partnerships and collaborations to expand TTM Technologies' reach and capabilities. It recognizes the importance of staying ahead of the curve in terms of innovation and technology, and is investing heavily in research and development to ensure that the company remains at the forefront of the industry. Additionally, the board is committed to maintaining a strong corporate social responsibility program, which includes initiatives to reduce the company's environmental footprint and support local communities where TTM Technologies operates.

Challenges Faced by the Board and How They are Addressed

TTM Technologies' board faces several challenges in its governance and oversight functions. One of the primary challenges is maintaining a balance between short-term and long-term goals amid a dynamic business landscape. The board addresses this challenge by regularly reviewing the company's strategic plan and monitoring its execution against the plan.

Investor Relations and Shareholder Value: The Role of the Board

TTM Technologies' board is committed to creating long-term shareholder value and maintaining healthy investor relations. It communicates transparently with its shareholders and stakeholders, provides regular updates on the company's financial performance, and seeks their feedback and input on the company's strategic direction. The board also ensures that the company's business practices are ethical, sustainable, and socially responsible.

Corporate Social Responsibility: The Impact and Influence of TTM Technologies' Board

TTM Technologies' board acknowledges its role in promoting corporate social responsibility (CSR) and sustainability. The board has formulated a CSR policy that outlines the company's commitment to ethical behavior, community engagement, environmental stewardship, and employee welfare. The board also monitors the company's CSR programs and initiatives and ensures that they align with the company's values and goals.

Conclusion: The Role of a Strong, Effective Board in Business Success

In conclusion, TTM Technologies' board of directors plays a crucial role in the company's growth and success. The board's strategic vision, wide-ranging expertise, and effective governance and oversight functions drive the company's performance and value creation. As we have seen, the board faces several challenges and risks in its operations, but it addresses them effectively by leveraging its collective capabilities and experiences. A strong and effective board, such as TTM Technologies', can provide invaluable guidance and support to its management and ensure that the company achieves its long-term goals sustainably and ethically.