Turtle Beach announced the appointment of Terry Jimenez to the company's board of directors. Mr. Jimenez will also join the board's nominating and governance committee. Mr. Jimenez most recently served as Chief Executive Officer, President and board member at Tribune Publishing company and previously served as Chief Financial Officer.

Prior to Tribune Publishing, Mr. Jimenez was a Partner for IBM's Global Services Division where he supported worldwide dealmaking and previously had operational and financial leadership roles in media and McDonald's Corporation. Mr. Jimenez currently serves on the Boards of Ronald McDonald House Charities of Chicagoland/NW Indiana and Northern Illinois University College of Business and previously served as Chairman of the Board at BestReviews. The company also announced that Kelly Thompson has voluntarily resigned from the company's board of directors.

Mr. Jimenez's appointment and Ms. Thompson's resignation is in furtherance of the commitments that the Company made to The Donerail Group LP and other shareholders in the May 2022 Cooperation Agreement. With the changes, the company Board comprises eight directors, seven of whom are independent and four of whom have joined in the last year. Mr. Jimenez's appointment follows the previously announced conclusion of the Company's Strategic Review Process and the subsequent dissolution of the committee overseeing that process.

The full Board will resume responsibility for evaluating value-enhancing strategic opportunities and remains committed, alongside management, to driving value for shareholders.