CTS Corporation (NYSE: CTS) today announced the following:
The addition of Mario Saucedo to the role of General Manager for
Electronic Components Solutions effective June 4, 2014 reporting to
Kieran O’Sullivan, Chairman, President and Chief Executive Officer.
Mr. O’Sullivan said, “Mario’s extensive technical experience in the
frequency control products market, in addition to his business
management skills, make him an excellent addition to the team. I am
confident that Mario will bring the energy, acumen and transformational
leadership CTS needs to meet the challenges we face today and maximize
our opportunities well into the future.”
Mr. Saucedo has broad experience in global multinational environments
primarily serving the frequency control products area. Most recently,
Mr. Saucedo held the position of General Manager, Standard Oscillators
for Vectron International, a leading designer and manufacturer of
Frequency Control Products used in the communications, industrial and
military markets. Mr. Saucedo held various leadership positions at
Vectron International over the course of nearly 20 years. Previous to
Vectron International, Mr. Saucedo was with AT&T. Mr. Saucedo holds a
Bachelor of Science in Manufacturing Engineering and an MBA, both from
Boston University.
About CTS
CTS is a leading designer and manufacturer of electronic components and
sensors 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 Harbor
This 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;
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 2014