Kemet Announces the Consolidation of its DC Film and Paper Operations into One Business Unit as Integration Nears Completion
Greenville, South Carolina (January 16, 2009) - KEMET Corporation (Other
OTC:KEME) announces the consolidation of its DC Film and Paper operations into one Business Unit.
"As we complete the final integration of the Evox Rifa and Arcotronics DC Film and Paper operations, we are consolidating into one DC Film and Paper Business Unit," stated Kirk Shockley, VP, KEMET's Film and Electrolytic Business Group. "This consolidation will produce meaningful cost savings through synergies within operations and resource management. Strong progress is being made toward completion of the integration-which is good news for our customers and our bottom line," continued Shockley.
To facilitate the consolidation the Company announces the following organizational changes which are effective immediately, following an orderly transition of duties.
Andreas Floegel, Director Special Film and Filters Business Unit, is appointed Senior Director DC Film and Paper Business Unit reporting directly to Shockley. He will be responsible for all Evox Rifa and Arcotronics DC Film and Paper operations. Reporting to Floegel will be Angelo Righi, Massimiliano Zucchi and the existing Special Film and Filters business organization.
Keith Hunter, Senior Director Electrolytic Business Unit, and Fabio Scaliarini, Director AC Power Film Business Unit, will continue to lead their respective Business Units and continue reporting directly to Shockley.
Matthew Calvage, Senior Director Global Manufacturing Excellence, is appointed Vice President, Product Marketing reporting directly to Shockley.
Peter Wunderlich, Evox Rifa Film & Paper PM; Stefano Sartini, Arcotronics Standard Components PM; and Andrew Bellavia, Americas PM, will report directly to Calvage. The PM teams in Electrolytics and AC Power Film will continue to report directly to their respective Business Unit Leaders and they will have a dotted line to Calvage as he coordinates all of the PM activities for the F&E Business Group.
KEMET Corporation (KEME) applies world-class service and quality to deliver industry-leading, high-performance capacitance solutions to its customers around the world. KEMET offers the world's most complete line of surface-mount and through-hole capacitor technologies across tantalum, ceramic, film, aluminum, electrolytic, and paper dielectrics. Additional information about KEMET can be found at www.kemet.com.
Contact:
Dean W. Dimke
Director of Corporate and
Investor Communications
954-766-2806
deandimke@kemet.com
