CTS Corporation Announcement.Business Editors ELKHART, Ind.--(BUSINESS WIRE)--Feb. 1, 2001 CTS (1) (Clear To Send) The RS-232 signal sent from the receiving station to the transmitting station that indicates it is ready to accept data. Contrast with RTS. (2) (Common Type System) The data typing used in . Corporation (NYSE NYSE See: New York Stock Exchange :CTS) today announced that Patrick J. Dennis, senior vice president finance and chief financial officer, has resigned to pursue personal interests. George T. Newhart, CTS vice president of investor relations Investor relations The process by which the corporation communicates with its investors. , has agreed to act as interim chief financial officer until a replacement is found. Newhart was formerly controller of CTS and has been with the company for 12 years. Joseph P. Walker, CTS chairman of the board and chief executive officer, said, "We have a very talented and experienced financial and accounting organization and, while losing a person of Pat's caliber is disruptive, we believe our financial function is adequately staffed until the position is filled." CTS has retained an international search firm to fill the chief financial officer position. CTS Corporation is a leading manufacturer of electronic components and assemblies for the communications, computer and automotive markets. The Company employs over 9,000 people at 19 facilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia. The Company's stock is traded on the NYSE under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "CTS." To find out more, visit the Company's website at www.ctscorp.com.
Released by: CTS Corporation
905 West Boulevard North
Elkhart, IN 46514
Telephone (219) 293-7511, Fax (219) 293-6146
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