KEMET Announces Two New Members of the Board of Directors
Greenville, South Carolina (April 4, 2008) - KEMET Corporation (NYSE:KEM) announced that effective March 17, 2008, it has elected Joseph V. Borruso and Wilfried Backes to become members of the Company's Board of Directors.
Mr. Borruso has been appointed to be a member of the Compensation Committee of the Board of Directors, and has been placed in the Class of 2008. Mr. Borruso is currently the President of AOEM Consultants, LLC. He served as President and Chief Executive Officer of Hella North America, a manufacturer of automotive lighting and electronics from 1999 through his retirement in 2005. Prior thereto, Mr. Borruso served in various senior management positions, most recently as Executive Vice President of Sales, for the Bosch Automotive Group N.A. from 1983 to 1999.
Dr. Backes has been appointed to be a member of the Audit Committee of the Board of Directors, and has been placed in the Class of 2009. He served in various senior management positions, most recently as Executive Vice President and Chief Financial Officer, with EPCOS AG, a major public electronics company headquartered in Germany, from 2002 through his retirement in 2006. Dr. Backes previously served as Executive Vice President, Chief Financial Officer and Treasurer of Osram Sylvania, Inc.
from 1992 to 2002. Prior to that time, Dr. Backes held various senior management positions with Siemens AG including the position of President and Chief Executive Officer of Siemens Components, Inc. from 1989 to 1992.
"I am very pleased and honored to have Mr. Borruso and Dr. Backes join our Board," said Per Loof, the Company's Chief Executive Officer. "They each bring with them invaluable expertise which will further strengthen the composition of our Board."
KEMET Corporation 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. KEMET's common stock is listed on The New York Stock Exchange under the symbol KEM.
Additional information about KEMET can be found at kemet.com.
Please follow this link kemet.com/page/new2008507 to read the latest news from KEMET.
Contact:
David E. Gable
Executive Vice President and Chief Financial Officer
davidgable@kemet.com
864-963-6484
