CTS Corporation Announces Appointment of Donna M. Costello to its Board of Directors

Rhea-AI Summary

CTS Corporation (NYSE: CTS) has appointed Donna M. Costello to its board of directors as of February 11, 2021. Costello, the former CFO of C&D Technologies, brings over 25 years of financial experience in the tech industry, focusing on executive leadership and M&A. CTS Chairman and CEO, Kieran O'Sullivan, expressed confidence that her experience will bolster CTS's growth and market diversification strategies. CTS designs and manufactures products for various sectors, including aerospace, medical, and telecommunications.

Positive

• Appointment of Donna M. Costello to the board is expected to enhance financial oversight and strategic development.
• Costello's extensive experience in the tech industry may provide fresh perspectives for growth and diversification.

Negative

• Concerns regarding continuity and experience gaps as a new director joins the board.

LISLE, Ill., Feb. 12, 2021 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced that Donna M. Costello has been appointed to its board of directors, effective February 11, 2021.

Ms. Costello is the former chief financial officer of C&D Technologies, Inc., a technology company that produces and markets systems for power conversion and storage of electrical power. Ms. Costello comes to CTS with extensive financial experience and over 25 years of experience in the tech industry, delivering a successful track record of executive leadership, strategy development, and M&A. She currently serves as a director on the board of Neenah, Inc., where she is a member of the audit committee.

CTS Chairman and CEO, Kieran O'Sullivan stated, "CTS is pleased to welcome Donna Costello to the CTS board. Her extensive experience in several market segments served by CTS and her background in finance will be valuable as CTS continues to focus on growth, end-market diversification, and products that sense, connect and move."

About CTS
CTS (NYSE: CTS) is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, telecommunications/IT, and transportation markets.

For more information, visit www.ctscorp.com.

Contact
Ashish Agrawal
Vice President and Chief Financial Officer

CTS Corporation
4925 Indiana Avenue
Lisle, IL 60532
USA

Telephone: +1 (630) 577-8800
Email: ashish.agrawal@ctscorp.com

FAQ

Who is the new board member appointed by CTS Corporation?

Donna M. Costello has been appointed to the CTS board of directors effective February 11, 2021.

What experience does Donna M. Costello bring to CTS?

She has over 25 years of financial experience, including leadership roles and a track record in M&A, previously serving as CFO of C&D Technologies.

What are the expected impacts of Donna M. Costello's appointment on CTS?

Her background in finance and the tech industry is anticipated to strengthen CTS's growth initiatives and market diversification efforts.