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CTS
CORPORATION Elkhart, Indiana 46514 (574) 293-7511
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July 2, 2007
FOR RELEASE: Immediately
CTS Corporation Names Matthew W. Long Interim Chief Financial Officer
Elkhart, IN…CTS Corporation (NYSE: CTS) today named Matthew W. Long
as Interim Chief Financial Officer. Mr. Long replaces Vinod Khilnani who
has been elected to the position of President and Chief Executive Officer.
A search process has been initiated for a replacement and CTS expects to
name a permanent CFO in the near future.
Mr. Long, who will continue
as the Treasurer, has been with CTS Corporation since 1996. He served as a
Strategic Business Unit Controller until August 1999, External Financial
Reporting Manager until July 2000, and Treasurer since December 2000. Mr.
Long is a Certified Public Accountant and has a Bachelor of Science in
Business and an MBA from Indiana University.
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. For more detailed information on the risks and uncertainties
associated with CTS’ business, see the reports CTS files with the SEC. 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: | Mitchell J. Walorski, Director Planning and Investor Relations |
| CTS Corporation, 905 West Boulevard North, Elkhart, IN 46514 | |
| Telephone: (574) 293-7511, Fax: (574) 293-6146 | |
| www.ctscorp.com |