The nation’s largest printed circuit board maker will enter 2016 with a spate of new executives leading newly defined market segments.
The management shuffle at Costa Mesa-based TTM Technologies Inc. was prompted by an organizational restructuring to three primary printed circuit board business lines: Communications and Computing; Automotive, Medical, Industrial and Instrumentation; and Aerospace, Defense and Specialty.
The Electro-Mechanical Solutions segment will be a separate line led by Anthony Princiotta.
Doug Soder, the former vice president and president of North America business, will head Communications and Computing. Jon Pereira, the senior vice president of the High Reliability division, was named president of the Automotive, Medical, Industrial and Instrumentation. Philip Titterton, the chief operating officer of North American business, was named president of Aerospace, Defense and Specialty.
In other moves, Brian Barber was promoted to chief operating officer. And vice president of global EMS sales, Kent Hardwick, takes the role of senior vice president of sales. Canice Chung, who heads the Asia Pacific business, was named executive vice president of business development, Asia Pacific.
The shift prompted TTM to lay off 80 workers worldwide in its second significant wave of job cuts in less than three months.
The Business Journal in late September reported that the company would shutter three manufacturing plants and lay off 550 workers as part of a global integration plan following its $927 million June acquisition of Viasystems Group Inc. in St. Louis. The combined company had more than 30,000 employees and revenue of about $2.5 billion when the transaction closed.
Microsemi Buy Reaps Benefits
Aliso Viejo chipmaker Microsemi Corp. is already beefing up ties in the data storage market through its recent acquisition of PMC-Sierra Inc.
The company recently joined IBM and other data center players in the nonprofit OpenPOWER Foundation, which aims to push innovation and technological changes in the growing sector.
Microsemi will leverage its expertise in developing highly secure, field-programmable gate arrays with the overarching goal of accelerating computing technology for data centers, where timing, security and networking solutions play vital roles.
The chipmaker’s super speedy FPGAs are billed as providing data center operators and developers security in deploying proprietary intellectual property while minimizing IP compromise in current and next-generation products.
Microsemi acquired PMC for $2.5 billion in cash and stock in its biggest deal to date, outbidding rival Skyworks Solutions Inc. in Woburn, Mass. (see story, page 3).
Bits & Pieces
Orange County drivers short on fuel can now pull up the services of Los Angeles-based Purple on their smartphones. The startup, which has acquired seed funding from backers including Uber co-founder Oscar Salazar, has service providers come to a vehicle’s location and fill the tank without the need for the customer’s presence. … Irvine-based IT consultancy and service provider Trace3 was named the 2015 Top National Reseller for AppDynamics based on their partnership working with 30 joint customers this year. Trace3 is on pace to crack $500 million in revenue this year as it attracts new Fortune 500 customers and builds up regional offices. It has about 2,000 customers, including Irvine-based smart TV and accessories maker Vizio Inc., Nordstrom and Verizon Wireless.
