|
newsrelease
|
|
|
|
CTS
CORPORATION Elkhart, Indiana 46514 (574)
523-3800
|
October 10, 2008
FOR RELEASE: Immediately
CTS Electronics Manufacturing Solutions
Hires
Tony Corscadden as Senior Vice President, Global Operations
Elkhart, IN…CTS Corporation (NYSE: CTS) is pleased to announce that Tony Corscadden will join the organization as Senior Vice President, Global Operations for the EMS Strategic Business Unit, reporting to Don Schroeder, President of EMS.
Tony will provide global operational leadership to the EMS Strategic Business Unit of CTS as well as assist in developing business strategy and acquisition opportunities. Additionally, Tony will oversee CTS’ eight global EMS operations and drive activities for continuous improvement initiatives and excellence in manufacturing engineering.
Tony comes to CTS with 14 years of EMS experience working for companies including Design to Distribution Limited in the U.K., a billion dollar EMS provider, in multiple engineering roles. Tony progressed in the organization in various capacities, including Worldwide Quality Manager, after it was acquired by Celestica, Inc. in 1997. During his tenure at Celestica, he took on roles of increasing responsibility becoming the Global Operations Director and General Manager for some of Celestica’s largest clients, Dell Computer and Avaya, Inc. Since 2007, Tony has been the Director of Operations for Accellent, Inc., a medical devices and industrial contract manufacturing services company. He holds a Bachelors Degree in Engineering, Manufacturing Systems Management from the University of Ulster in Northern Ireland and a Masters Degree in Engineering and Management Systems from Cranfield University in Bedford, U.K.
Tony will begin his employment with CTS
effective Monday, October 20, 2008.
About CTS
CTS is a leading designer and manufacturer of electronic components and
sensors and a provider of electronics manufacturing services (EMS) to OEMs
in the automotive, computer, communications, medical, defense and aerospace
and industrial markets. CTS manufactures products in North America, Europe
and Asia. CTS' stock is traded on the NYSE under the ticker symbol "CTS.”
Safe Harbor Statement
This press release contains statements that are, or may be deemed to be,
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements include,
but are not limited to, any financial or other guidance, statements that
reflect our current expectations concerning future results and events, and
any other statements that are not based solely on historical fact. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. These forward-looking
statements are made subject to certain risks, uncertainties and other
factors, which could cause our actual results, performance or achievements
to differ materially from those presented in the forward-looking statements,
including, without limitation, potential changes in the economy generally
and in respect to the businesses in which CTS operates; rapid technological
change in the automotive, communications and computer industries; reliance
on key customers; CTS’ ability to protect its intellectual property; pricing
pressures and demand for CTS’ products; and risks associated with CTS’
international operations, including trade and tariff barriers, exchange
rates and political and geopolitical risks. For more detailed information
on the risks and uncertainties associated with CTS’ business, see the
reports CTS files with the SEC, available at
http://www.ctscorp.com/investor_relations/investor.htm. CTS undertakes
no obligation to publicly update its forward-looking statements to reflect
new information or events or circumstances that arise after the date hereof,
including market or industry changes.
| Contact: |
Donna L. Belusar, Senior Vice President and Chief
Financial Officer |
| CTS Corporation, 905 West Boulevard North, Elkhart, IN 46514 | |
| Telephone: (574) 523-3800, Fax: (574) 293-6146 | |
| www.ctscorp.com |