On June 25, 2014, MTS Systems Corporation announced the retirement of Susan E. Knight from the role of Senior Vice President and Chief Financial Officer. Ms. Knight's retirement will be effective at the end of calendar year 2014. The company also announced that Jeffrey Oldenkamp, 42, will replace Ms. Knight as Chief Financial Officer of the company upon her retirement.

Mr. Oldenkamp joined the Company in January 2014 as its Vice President of Finance in the Test business. Prior to joining the company, Mr. Oldenkamp was with Nilfisk-Advance Incorporated.