CTS Corp announces executive changes with new chief operating officer appointment

CTS Corp (NYSE:CTS) reported changes to its executive leadership, according to a statement released Wednesday based on a filing with the Securities and Exchange Commission. The electronic components manufacturer, with a market capitalization of $1.24 billion, is currently trading at $42.62 and is considered slightly undervalued according to InvestingPro Fair Value estimates.

The company announced that Martin Baumeister, Senior Vice President, has given notice of his resignation from his position, effective at the close of business on December 5, 2025. The filing states that Baumeister’s decision was for personal reasons to pursue another opportunity outside of CTS Corp and was not due to any disagreement with the company.

CTS Corp also reported that Pratik Trivedi, currently Senior Vice President, will be appointed Chief Operating Officer effective December 5, 2025. Trivedi, age 46, joined CTS Corp in April 2024. Before joining CTS, he served as Vice President, North America for the mobility business of Eaton Corporation plc since 2017, and held several roles at Cummins, Inc. prior to that.

The company stated that it did not enter into any new material plan, contract, or arrangement, nor did it change Trivedi’s compensation or grant him equity in connection with his appointment as COO.

CTS Corp is listed on the New York Stock Exchange under the ticker NYSE:CTS. The information is based on a press release statement filed with the SEC. Despite the leadership changes, CTS maintains strong financial fundamentals with a "GOOD" overall financial health score of 2.71. The company reported $531.5 million in revenue for the last twelve months, with diluted earnings per share of $1.98. CTS has experienced challenging market conditions, with its stock down 19.15% year-to-date. InvestingPro offers a comprehensive research report on CTS Corp, one of 1,400+ US equities covered with in-depth analysis and actionable insights.

In other recent news, CTS Corporation reported its third-quarter earnings for 2025, which showed a slight miss on earnings per share (EPS) but exceeded revenue expectations. Despite the earnings miss, the company demonstrated strong revenue growth, indicating a strategic shift towards diversified markets. Additionally, CTS Corporation announced a cash dividend of $0.04 per share, payable on January 23, 2026, to shareholders of record as of December 26, 2025. The company also authorized a new $100 million share repurchase program, replacing the previous buyback initiative from February 2024.

On the leadership front, CTS appointed Pratik Trivedi as the new Chief Operating Officer, effective December 5, 2025. Trivedi brings experience from previous roles at Eaton Corporation and Cummins Inc. Furthermore, Kimberly Banks MacKay joined the CTS Board of Directors, effective November 5, 2025, and will serve on key committees. These developments reflect CTS Corporation’s ongoing efforts to strengthen its leadership and financial strategies.

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