MTS Announces the Appointment of David Saylor as Senior Vice President-Operational Excellence
EDEN PRAIRIE, MN, Oct. 20, 2015 /PRNewswire/ -- MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high-performance test systems and position sensors, today announced that it has hired David W. Saylor as Senior Vice President - Operational Excellence, effective November 9, 2015.
Mr. Saylor joins MTS from Sunrise Windows, a leading manufacturer of custom windows, where he served as Chief Operating Officer. Prior to this role, Mr. Saylor held a variety of Operations and Lean/Six Sigma Process Leadership roles at General Motors, Johnson Controls and other suppliers to the automotive industry.
"We are very pleased to welcome David to MTS in the newly created role of SVP-Operational Excellence," said Dr. Jeff Graves, President and Chief Executive Officer of MTS Systems. "With the growing demand for our technology, resilient markets driven by continued strong R&D spending by our customers, and record backlog levels in our Test business, it is an ideal time to aggressively institutionalize Lean at MTS. The creation of a global leadership position, with responsibility for Lean and Six Sigma across the entire enterprise, will improve our costs and efficiencies, yielding benefits in profitability, working capital and ultimately providing even greater opportunities for growth with our customers. With his strong track record of success in driving operational excellence across several different industrial businesses, David is a great fit for this exciting new role at MTS."
Mr. Saylor holds a Bachelor of Science degree from Kettering University and an MBA from Oakland University, and is a certified Six Sigma Black Belt.
About MTS Systems Corporation
MTS Systems Corporation's testing hardware, software and services 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 2,180 employees at September 27, 2014 and revenue of $564 million for the fiscal year ended September 27, 2014. Additional information on MTS can found at http://www.mts.com.
This release contains "forward-looking statements" made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. Statements made under the heading "Outlook" are forward-looking statements, and words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and similar expressions identify forward-looking statements in other parts of the release.
Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are risks related to: government contracting; the Company's significant international business including but not limited to currency value fluctuations, difficulty enforcing agreements and collecting receivables, import and export matters, higher danger of terrorist activity, difficulty in staffing and compliance with laws; volatility in the global economy; competition; failure to achieve the Company's growth plans for the expansion of its business because the Company's long-term success depends on its ability to expand its business through new product development, mergers and acquisitions, geographic expansion and service offerings, all of which are subject to inherent risks including but not limited to market demand, market acceptance of products and the ability to advance technology; costs related to development and manufacture of first-of-its-kind products; difficulties obtaining the services of skilled employees; the implementation of business process changes and associated restructuring of the Test business; failure to protect its intellectual property effectively or infringement upon the intellectual property of others; product liability claims and commercial litigation; difficulty obtaining materials or components for its products; government regulation; the irregularity and development of sales, delivery and acceptance cycle for the Company's products; the Company's customers are in cyclical industries; interest rate fluctuations; the Company may be required to recognize impairment charges for long-lived assets; and cost, reputational and other risks associated with disclosing use of conflict minerals. For a more thorough discussion of the risks associated with our business, see the "Risk Factors" section in the Company's most recent SEC Form 10-K, 10-Q and 8-K filings. Except as required by law, the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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SOURCE MTS Systems Corporation
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