CTS Corporation Leadership Changes As Part Of Ongoing Simplify, Focus And Drive Profitable Growth Strategy

CTS Corporation (NYSE: CTS) has appointed three new leaders to its senior leadership team. On November 11, 2013, CTS appointed Ashish Agrawal as Vice President and Chief Financial Officer, and Anthony Urban as Vice President and General Manager of CTS’ sensors and mechatronics business. CTS also appointed Robert J. Patton as Vice President, General Counsel and Secretary, effective December 5, 2013.

Mr. Agrawal joined CTS in June of 2011 as Vice President, Treasury and Corporate Development, coming from Dometic Corporation where he spent four years as Senior Vice President and CFO. Previously, Mr. Agrawal spent 13 years with General Electric in financial roles within various GE businesses. With 19 years of diverse global experience and an MBA from Ohio University, Mr. Agrawal succeeds Tom Kroll, who is retiring from CTS in March 2014.

Mr. Urban has over 30 years of automotive industry experience, joining CTS through its acquisition of D&R Technology, LLC in December 2012, where he was President and co-owner for 14 years. Prior to D&R Technology, Mr. Urban served as Business Unit Director for Capsonic Automotive for three years and General Manager at Hi-State Manufacturing for eight years. Previously, Mr. Urban worked for seven years in various roles at General Motors. Mr. Urban earned a BS in Engineering from Kettering University, formerly General Motors Institute.

With more than 23 years of broad-based legal experience, Mr. Patton comes to CTS from Continental, AG, where he served the past seven years as General Counsel for Commercial Affairs. Previously, he was Director of Legal Affairs for Motorola, Inc.’s automotive division, and was a partner at the law firm of Vedder Price. Mr. Patton earned a Bachelors Degree from Duke University and a law degree from the University of Illinois College of Law.

Kieran O’Sullivan, CEO of CTS Corporation, stated, “I am delighted to have such experienced and dedicated leaders as part of CTS’ senior leadership team as we redouble our efforts to drive growth. I also want to thank Tom Kroll for over 12 years of excellent leadership at CTS and wish him the best in his upcoming retirement.”

About CTSCTS is a leading designer and manufacturer of electronic components and sensors and a provider of services to OEMs in the automotive, communications, medical, defense and aerospace, industrial and computer markets. CTS manufactures products in North America, Europe and Asia. CTS' stock is traded on the NYSE under the ticker symbol “CTS.”

Safe HarborThis document 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. Forward-looking statements are based on management's expectations, certain assumptions and currently available information. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are based on various assumptions as to future events, the occurrence of which necessarily are subject to uncertainties. 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. Examples of factors that may affect future operating results and financial condition include, but are not limited to: changes in the economy generally and in respect to the businesses in which CTS operates; unanticipated issues in integrating acquisitions; the results of actions to reposition our businesses; rapid technological change; general market conditions in the automotive, communications, and computer industries, as well as conditions in the industrial, defense and aerospace, and medical markets; reliance on key customers; unanticipated natural disasters or other events; the ability to protect our intellectual property; pricing pressures and demand for our products; and risks associated with our international operations, including trade and tariff barriers, exchange rates and political and geopolitical risks. Many of these, and other, risks and uncertainties are discussed in further detail in Item 1.A of the Annual Report on Form 10-K. We undertake no obligation to publicly update our forward-looking statements to reflect new information or events or circumstances that arise after the date hereof, including market or industry changes.

Copyright Business Wire 2010

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