CTS Corporation (NYSE: CTS) today announced that William S. Johnson,
Executive Vice President and Chief Financial Officer of Cabot
Microelectronics Corporation, has been appointed to its board of
directors, effective February 11, 2015. Johnson has also been appointed
to the company’s Audit Committee and Nominating and Governance Committee.
Johnson has served as CFO of Cabot Microelectronics (NASDAQ: CCMP), a
leading global supplier of specialty materials to the semiconductor
industry, since 2003. He has over 30 years of experience in finance,
corporate development and general management, including executive
positions with BP Amoco and Budget Group. Johnson was named the 2013
Chicago CFO of the Year by Finance Executives International (FEI) for
mid-sized public companies.
Johnson holds a bachelor’s degree in mechanical engineering from the
University of Oklahoma and an MBA from the Harvard Business School. CTS’
Chairman and CEO Kieran O’Sullivan stated, “CTS is delighted to be
adding such a talented financial expert to our Board, particularly given
Bill’s broad international experience.”
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;
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 1A. 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 2015