CTS Corporation

Business Wire, Nov 3, 1999

ELKHART, Ind.--(BUSINESS WIRE)--Nov. 3, 1999--

CTS Corporation (NYSE:CTS) announced today that Timothy J. Cunningham, CTS' Chief Financial Officer, resigned to accept a position as Senior Vice President and Chief Financial Officer of eLoyalty, a division of Technology Solutions Company (TSC). TSC has announced that it plans to spin off eLoyalty to TSC shareholders in the first quarter of 2000. Acceptance of this position allows Mr. Cunningham and his family to remain in Chicago.

Joseph P. Walker, CTS' Chairman, President & CEO, said "We are disappointed that Tim Cunningham decided to stay in Chicago, but thank him for his contributions to CTS. We will make some appropriate internal adjustments while we fill the position."

Jeannine M. Davis, CTS' Executive Vice President of Administration, will act as interim Chief Financial Officer. CTS has retained Spencer Stuart, an international search firm, to immediately begin a search to fill the CFO position. Stanley Aris, who retired as CTS' CFO in 1998, has agreed to assist CTS in the transitional period.

CTS Corporation (NYSE:CTS) designs, manufactures and sells a broad line of electronic components and custom electronic assemblies for OEM customers primarily in the communications equipment, automotive and computer equipment markets worldwide. CTS operates manufacturing facilities in the United States, Canada, Mexico, Scotland, Singapore, Taiwan and China. For additional information, visit our website at www.ctscorp.com.