TTM Technologies, Inc. on February 2, 2026 announced that, after long and distinguished careers with TTM, Thomas Edman, the Company?s former President and Chief Executive Officer and a current Class I member of the Board of Directors and John Mayer, a current Class III member of the Board, will retire from the Board effective as of May 7, 2026, immediately following the Company?s 2026 annual meeting of stockholders. In addition, the Company announced that Daniel G. Korte has been appointed by the unanimous vote of the remaining members of the Board to serve as a Class I director on the Board, effective as of May 7, 2026, to fill the Class I director vacancy that will be created by Mr. Edman?s retirement, with a term expiring at the Company?s 2028 annual meeting of stockholders. The Company also announced that Ryan D. McCarthy, the 24th Secretary of the Army, has been appointed by the unanimous vote of the remaining members of the Board to serve as a Class III director on the Board, also effective as of May 7, 2026, with a term expiring at the Company?s 2027 annual meeting of stockholders.
Mr. McCarthy will succeed outgoing Class III director John G. Mayer, who is required to retire at the Company?s 2026 annual meeting of stockholders pursuant to the TTM Corporate Governance Guidelines that prescribe a mandatory retirement for directors at the age of 75. Mr. Korte is a seasoned aerospace and defense executive with demonstrated expertise in identifying and capitalizing on global market opportunities that drive revenue and profitable growth. Mr. Korte joined the board of directors of Ducommun Incorporated in November 2024 and serves on its Corporate Governance & Nominating Committee.
In addition, he has served since 2017 on the board of directors of Woodward, Inc., where he chairs the Human Capital & Compensation Committee. Most recently, Mr. Korte served as Global Vice President of Aerospace at PPG Industries Inc., a position he occupied for five years until his retirement in 2023. Under his leadership, the division saw double-digit revenue growth and increased profitability by driving sales and operational efficiencies.
Prior to joining PPG, he served as Chief Executive Officer of LMI Aerospace between 2014 and 2017, where he oversaw the Company?s eventual sale to the Sonaca Group and was the President of the Rolls-Royce Defense Group. From 1985 through 2009, Mr. Korte held various leadership positions at The Boeing Company in supply chain, program management and general management. Mr. McCarthy is a seasoned aerospace and defense executive and former U.S. Army Ranger who served as the 24th United States Secretary of the Army from 2019 to 2021 following his nomination by President Donald J. Trump and confirmation by unanimous consent of the U.S. Senate.
Mr. McCarthy joined the board of directors of CACI International, Inc. in 2021 and serves on its Audit and Risk Committee and its Corporate Governance and Nominating Committee. He is also a board member of the Virginia Polytechnic Institute and State University. Mr. McCarthy has served as an Operating Partner at Capitol Meridian Partners, a private equity firm specializing in aerospace, defense and government services investments.
From 2011 to 2017, Mr. McCarthy worked for Lockheed Martin Corporation in sequential vice president roles responsible for the sustainment, customer solutions and program integration of the F-35 Joint Strike Fighter program. Prior to his time at Lockheed Martin Corporation, Mr. McCarthy served as Special Assistant to the Secretary of Defense, Dr. Robert M. Gates, under two different administrations.
