CTS Corporation Announces Appointment of Randy Stone to its Board of Directors

Rhea-AI Summary

CTS Corporation (NYSE: CTS) announced the appointment of Randy Stone to its board of directors, effective February 9, 2023. With over 30 years in advanced materials, Stone previously led DuPont’s Mobility and Materials segment, a $5 billion enterprise. His leadership resulted in record earnings and enhanced operational excellence. Chairman Kieran O’Sullivan highlighted Stone's extensive experience across various market segments, suggesting he will significantly contribute to CTS’s growth and diversification strategy. The firm specializes in engineered solutions in aerospace, industrial, medical, and transportation sectors.

Positive

• Randy Stone brings over 30 years of experience in advanced materials, enhancing the expertise of the board.
• His previous leadership at DuPont resulted in record earnings and improved operational excellence.
• Stone's experience in various market segments aligns with CTS's focus on growth and diversification.

Negative

• None.

LISLE, Ill., Feb. 09, 2023 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS), a leading global designer and manufacturer of custom engineered solutions that “Sense, Connect and Move,” today announced that Randy Stone has been appointed to its board of directors, effective February 9, 2023.

Mr. Stone comes to CTS with over 30 years of experience in advanced materials and a proven track record of successfully leading and profitably growing global businesses serving key end markets. Mr. Stone most recently served as President of DuPont’s Mobility and Materials segment, a $5 billion global enterprise with leadership positions in electronics, industrial, consumer and transportation markets. Under Mr. Stone’s leadership, the business delivered record earnings and free cash flow, while significantly improving operational and commercial excellence. "CTS is pleased to welcome Randy Stone to the CTS board. His extensive experience in several market segments served by CTS and his background leading global businesses make him a valuable addition to our already highly experienced and diverse group of directors as CTS continues to focus on growth, end-market diversification, and products that sense, connect and move," said Kieran O’Sullivan, Chairman, President and CEO of CTS.

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, 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

What is the significance of Randy Stone's appointment to CTS Corporation's board?

Randy Stone's appointment enhances the board's expertise with his extensive experience in advanced materials, which aligns with CTS's growth strategy.

When was Randy Stone appointed to the CTS board of directors?

Randy Stone was appointed to the CTS board of directors on February 9, 2023.

What experience does Randy Stone have that benefits CTS Corporation?

Randy Stone has over 30 years of experience, most recently leading DuPont’s Mobility and Materials segment, which achieved record earnings under his guidance.

How does Randy Stone's leadership experience impact CTS Corporation?

Stone's leadership experience is expected to contribute positively to CTS's operational and commercial excellence, facilitating growth and market diversification.

What markets does CTS Corporation serve?

CTS Corporation serves markets including aerospace, defense, industrial, medical, and transportation.