June 6, 2001
FOR RELEASE: Immediately
CTS CORPORATION ELECTS DONALD K. SCHWANZ
TO CTS BOARD OF DIRECTORS
Elkhart, IN…Joseph P. Walker, chairman and chief executive officer of CTS Corporation (NYSE:CTS), announced today that Donald K. Schwanz has been elected to the CTS Corporation Board of Directors. Since joining CTS in January 2001 as president and chief operating officer, Mr. Schwanz has quickly become involved in all aspects of CTS operations.
"We have been extremely pleased with Don's immediate and valuable contributions to the Company and his strong leadership abilities," said Walker. "Don is expected to play a key role in our plan for succession. His appointment to the Board will deepen his relationships with our current Board members and further prepare him for additional leadership responsibilities."
Prior to joining CTS, Mr. Schwanz was president of the industrial control business of Honeywell, Inc. where he had financial and operating responsibility for three global business units that generated $2.8 billion in revenue. At Honeywell Mr. Schwanz had management responsibility for 16,500 employees.
A 1966 graduate of Massachusetts Institute of Technology, Mr. Schwanz received his BS degree in Mechanical Engineering. In 1968, he was awarded an MBA in General Management from Harvard Business School.
Mr. Schwanz and his wife, Mary, reside in the South Bend area.
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CTS Corporation is a leading designer and manufacturer of electronic components and assemblies for the communications, computer and automotive markets. The Company manufactures products in 19 facilities in North America, Europe and Asia. The Company's stock is traded on the NYSE under the ticker symbol "CTS." To find out more, visit the Company's website at www.ctscorp.com.
| Released by: | CTS Corporation | Telephone (219) 293-7511 |
| 905 West Boulevard North | FAX (219) 293-6146 | |
| Elkhart, IN 46514 | www.ctscorp.com | |
| Contact: | George T. Newhart, Vice President Investor Relations | |