CTS Corporation Names COO Pratik Trivedi CEO and President
Rhea-AI Summary
CTS (NYSE: CTS) appointed current COO Pratik Trivedi as Chief Executive Officer and President, effective July 6, 2026. He will also join the Board. Kieran O’Sullivan will step down as CEO after 14 years and become Executive Chair, remaining on the Board.
The Board highlights a focused, two-year succession process and notes Trivedi’s leadership record and experience at CTS, Eaton and Cummins.
Positive
- Planned CEO succession following a focused two-year process
- New CEO brings leadership experience from CTS, Eaton and Cummins
- Former CEO stays on the Board as Executive Chair, supporting continuity
- Board unanimously chose internal candidate with track record of execution
Negative
- CEO transition effective July 6, 2026 introduces leadership change
- Long-serving CEO stepping down after 14 years may affect continuity
News Market Reaction – CTS
In the Jun 25 session, CTS declined 0.28%, reflecting a mild negative market reaction. Argus tracked a trough of -3.5% from its starting point during tracking. Our momentum scanner triggered 15 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Kieran O’Sullivan to continue as Executive Chair
LISLE, Ill., June 25, 2026 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) announced today that its Board of Directors has promoted Pratik Trivedi, CTS’ current COO, to Chief Executive Officer and President effective July 6, 2026. Mr. Trivedi will succeed Kieran O’Sullivan, who will remain on the Board and serve as Executive Chair. Mr. Trivedi will become a member of the Board when his appointment as CEO becomes effective.
“We are pleased to promote Pratik from his current role of COO to CEO,” said Robert Profusek, CTS’ Lead Independent Director. “As COO of CTS, Pratik’s track record of strong execution, strategic leadership, and sustained results made him the unanimous choice to lead CTS going forward. Today’s appointment is the result of a focused, two-year succession planning effort designed to position CTS for continued long-term success.”
Trivedi (47) brings a wealth of experience in high-growth technology companies, including CTS, Eaton and Cummins. Trivedi holds a bachelor’s degree in mechanical engineering from L.D. College of Engineering, India, a master’s degree in industrial engineering from Texas A&M University and an MBA from the University of Minnesota.
O’Sullivan will transition to the Executive Chair position after 14 years as CEO. “On behalf of the entire Board, I want to recognize and thank Kieran for his exceptional leadership”, Profusek said. “During his extraordinary tenure, CTS strengthened its position in diversified markets, delivered sustained accelerated growth, profitability enhancements and increased enterprise value more than sixfold.”
About CTS
CTS Corporation (NYSE: CTS) is a leading designer and manufacturer of products that Sense, Connect and Move. CTS manufactures sensors, actuators and electronic components in North America, Europe and Asia, and provides engineered products to customers in the aerospace & defense, industrial, medical and transportation markets. For more information, visit www.ctscorp.com/.
Contact
Ashish Agrawal
Vice President and Chief Financial Officer
CTS Corporation
4925 Indiana Avenue
Lisle, IL 60532 USA
+1 (630) 577-8800
ashish.agrawal@ctscorp.com
