Brings Deep Industry and Operational Expertise
Joins Board of Directors; John E. Major Named Permanent Chairman of the Board
SAN DIEGO–(BUSINESS WIRE)–Dec. 1, 2014– Pulse Electronics Corporation (OTC Pink: PULS), a leading provider of electronic components, today announced that its Board of Directors has named Mark Twaalfhoven as Chief Executive Officer, effective immediately. Mr. Twaalfhoven also has been appointed to Pulse’s Board of Directors, expanding the Board from six to seven members and John E. Major has been named permanent Chairman of the Board. Alan H. Benjamin, who has served as interim CEO since July 2014, will continue in his role as Chief Operating Officer.
“The Board conducted a comprehensive search process, and we are pleased to welcome Mark to Pulse as our next Chief Executive Officer. Mark has over 25 years of experience in managing technology companies and extensive expertise in both running and advising complex, global organizations. He’s also a great fit culturally for our organization, with a keen understanding of and appreciation for our dedication to customer service,” said John E. Major, Lead Independent Board member and Chairman of the Pulse Board of Directors. “Additionally, on behalf of the entire Board, I would also like to thank Alan for his service as interim CEO over the past four months and continued dedication to Pulse.”
Mr. Twaalfhoven joins Pulse from the investment firm Valuec B.V. in Hong Kong, where he served as President, with responsibilities for investing in and advising international technology companies. Mr. Twaalfhoven said, “I’m honored to be joining Pulse as CEO. I look forward to working with the Pulse team to continue meeting our customers’ needs and executing on the company’s strategy of reinvigorating profitable growth and increasing operational efficiency.”
Mark Twaalfhoven Background
Prior to his role at Valuec, Mr. Twaalfhoven served from 2005 to 2009 as President and CEO of Teleplan International, a global business with almost 5,800 employees providing total lifecycle care solutions for the computer, communications and consumer industries. Mr. Twaalfhoven led Teleplan as a public company through a restructuring and turnaround, growing revenue from approximately $300 million to approximately$400 million and increasing profitability. From 1996 to 2005, Mr. Twaalfhoven served in a number of positions, including Senior Vice President and Corporate Officer, of Amphenol Corporation, where he led the development of its Asia operations as it became a leading supplier of interconnect solutions, with tenfold growth in revenue during his tenure.
In 1990, Mr. Twaalfhoven was nominated as Entrepreneur of the Year for Southern California for his role as the founder of Fanamation and subsequently QI Tech, which became a leading supplier of Metrology Equipment and today is part of Hexagon Metrology.
Mr. Twaalfhoven holds a Master of Science in Industrial Engineering from Stanford University, a Bachelor’s Degree in Mechanical Engineering from Purdue University and completed the Advanced Management Program atHarvard Business School. Born in the Netherlands, he has three daughters, and has been residing in Asia the past 20 years.
About Pulse Electronics Corporation
Pulse Electronics is a leading electronic components partner that helps customers build the next great product by providing the needed technical solutions. Pulse Electronics has a long operating history of innovation in magnetics, antennas and connectors, as well as the ability to ramp quickly into high-quality, high-volume production. The company serves the wireless and wireline communications, power management, military/aerospace and automotive industries. Pulse Electronics is a participating member of the IEEE, SFF, OIF, HDBaseT Alliance, CommNexus, and MoCA. Visit the Pulse Electronics website atwww.pulseelectronics.com.
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Source: Pulse Electronics Corporation
Pulse Electronics Corporation
Jim Butler, 858-674-8183
Sr. Director of Finance and Treasurer