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
Mitchell J. Walorski, Director of Investor Relations

  CTS Corporation, 905 West Boulevard North, Elkhart, IN 46514
  Telephone: (574) 523-3800,   Fax: (574) 293-6146
  www.ctscorp.com