MTS Appoints Two New Directors to the Board
EDEN PRAIRIE, Minn., June 20, 2013
EDEN PRAIRIE, Minn., June 20, 2013 /PRNewswire/ --MTS Systems Corporation
(NASDAQ: MTSC), a leading global supplier of high-performance test systems and
position sensors, today announced that it has elected two new directors to the
Board of Directors, effective June 14, 2013.
The new directors are Mr. Chun Hung (Kenneth) Yu, Vice President, Global
Channel Services and Special Projects, International Operations of 3M Company,
and Mr. David D. Johnson, Executive Vice President, Treasurer and Chief
Financial Officer of Molex Incorporated.
"We are very pleased that Kenneth and Dave have joined our board," said David
J. Anderson, MTS Chairman of the Board. "Together, they bring extensive
global business experience in world-class engineering and manufacturing
companies to MTS which is a tremendous fit with our company. Both Kenneth and
Dave will add significant value as we execute our strategic priorities to grow
in emerging markets, accelerate innovation and capture the value of the
service business while supporting the ongoing importance of having a strong
Mr. Yu, 63, has held numerous positions at 3M, a diversified technology
company, including thirteen years as the President, China Region and 3M China
from 2000 – 2013. His other roles include the President of 3M Taiwan and the
Director, Asset Management, 3M Asia Pacific. He has lived and worked in China
for the majority of his 44 years with the company.
Mr. Johnson, 57, has served in his current role with Molex, a global
electronic components company, since 2005. Prior to 2005, he was the Vice
President, Treasurer and Chief Financial Officer at Sypris Solutions, Inc. and
also worked for Molex Incorporated and KPMG.
About MTS Systems Corporation
MTS Systems Corporation is a leading global supplier of high-performance test
systems and position sensors. The Company's testing hardware and software
solutions help customers accelerate and improve their design, development, and
manufacturing processes and are used for determining the mechanical behavior
of materials, products, and structures. MTS' high-performance position sensors
provide controls for a variety of industrial and vehicular applications. MTS
had 2,147 employees and revenue of $542 million for the fiscal year ended
September 29, 2012. Additional information on MTS can be found on the
worldwide web at http://www.mts.com.
SOURCE MTS Systems Corporation
Contact: Susan Knight, Chief Financial Officer, 952.937.4000
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