19 March 2024

TT Electronics plc

Non-Executive Director Change

TT Electronics plc ("the Company") announces that Jack Boyer will step down as a Non-Executive Director at the conclusion of the Company's Annual General Meeting on 10 May 2024, at which time he will also cease to be the Senior Independent Director and will relinquish his membership of the Company's Audit, Nominations and Remuneration Committees.  

The Board is pleased to announce the appointment of Anne Thorburn as Senior Independent Director, in succession to Jack Boyer, with effect from 10 May 2024.

The Company also announces that Lynton Boardman will step down as Group Company Secretary on 31 March 2024, when he will be replaced by the Group General Counsel, Ian Buckley.  Furthermore, the Company announces that Mick Ord has joined the Audit Committee.

Warren Tucker, the Chairman of TT Electronics plc, said:

"I would like to thank Jack for his invaluable contribution to TT Electronics, the Board and our wider Committee discussions, since joining TT in 2016.  I am particularly grateful for the energy, commitment and enthusiasm with which Jack has carried out his duties as Senior Independent Director and as the Company's designated director for stakeholder engagement.  Jack leaves TT Electronics with the Board's best wishes for the future. 

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While sad to see Jack leave the Board, this move is part of our sequenced succession plan for the Board. The Board will recruit a further Non-Executive Director during 2024. We are particularly delighted that Anne has agreed to take up the role of Senior Independent Director and that we have been able to appoint such an able successor at this important point in the Company's progression. 

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I would also like to express the Board's huge gratitude to Lynton who has been a constant throughout and instrumental in the transformation of TT since he joined 11 years ago. We wish him well for the future."

This announcement is made in fulfilment of the Company's obligation under UK LR 9.6.11.

About TT Electronics

TT Electronics is a global provider of engineered electronics for performance critical applications.

The Company operates in industries where there are structural growth drivers, working with market-leading customers primarily in the industrial, medical, aerospace and defence sectors. Products designed and manufactured include sensors, power management devices and connectivity solutions. TT has design and manufacturing facilities in the UK, North America and Asia.

The Company has three divisions. The Power and Connectivity division designs and manufactures power application products and connectivity devices which enable the capture and wireless transfer of data. We collaborate with our customers to develop innovative solutions to optimise their electronic systems. The Global Manufacturing Solutions division provides manufacturing services and engineering solutions for our product divisions and to customers that often require a lower volume and higher mix of different products. We manufacture complex integrated product assemblies for our customers and provide engineering services including designing testing solutions and value-engineering. The Sensors and Specialist Components division works with customers to develop standard and customised solutions including sensors and power management devices. Our solutions improve the precision, speed and reliability of critical aspects of our customers' applications.

For more information about TT Electronics visit www.ttelectronics.com.