Management ChangeJun 25, 2026, 04:02 PM
CTS Appoints Pratik Trivedi as CEO; O’Sullivan Becomes Executive Chairman
AI Summary
CTS Corporation announced a leadership transition, with Kieran O’Sullivan stepping down as President and CEO, effective July 6, 2026. Mr. O'Sullivan will transition to the role of Executive Chairman. Concurrently, Pratik Trivedi, previously the Chief Operating Officer, has been appointed as the new President and CEO, effective the same date. Mr. Trivedi's compensation package includes an annual base salary of $675,000 and a target annual cash incentive bonus of 100% of his base salary, along with a long-term incentive award valued at $2,150,000.
Key Highlights
- Kieran O’Sullivan steps down as President and CEO, effective July 6, 2026.
- Mr. O'Sullivan appointed Executive Chairman, effective July 6, 2026, with an annual base salary of $625,000.
- Pratik Trivedi appointed President and CEO, effective July 6, 2026.
- Mr. Trivedi's annual base salary set at $675,000.
- Mr. Trivedi's target annual cash incentive bonus is 100% of base salary.
- Mr. Trivedi to receive a long-term incentive award valued at $2,150,000.
Price Impact
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