KEMET Corporation Announces Global Sales Changes

GREENVILLE, S.C., Nov. 7, 2012 /PRNewswire/ -- KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced several changes to the Global Sales team, all designed to better serve its customers.

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"The EMEA region is a very significant and large part of our business, especially for our Film & Electrolytics Business Group," stated Per Loof, KEMET's Chief Executive Officer. "Many of our F&E products are aligned with our industrial and automotive customers. With this in mind, I am pleased to announce the promotion of Andreas Meier to Vice President, EMEA Sales, reporting to Marc Kotelon, Senior Vice President, Global Sales. Andreas will also join KEMET's Leadership Team," continued Loof. 

Andreas has over 14 years of experience with KEMET, having joined in January 1998. He served most recently as Vice President, Product Management, Film & Electrolytics Business Group. Andreas holds a degree in Electronic Engineering from the University of Paderborn in Germany and has strong experience in the electronics, automotive and telecommunications industries. 

"I have great confidence that Andreas will work well with our customers to advance KEMET's vision of being the most trusted partner for innovative component solutions," continued Loof. "We would like to extend our congratulations to Andreas on this well-deserved promotion."

Richard Curley, previous Vice President, EMEA Sales, will remain through the end of this calendar year to provide continuity and a smooth transition for Andreas and KEMET's customers. "I would like to thank Richard for his many contributions to KEMET over the past 18 years and wish him the very best as he pursues other opportunities in 2013," stated Loof.

Furthermore, the company announced that the European and Global Sales headquarters, now based in Geneva, Switzerland will relocate to the Munich, Germany area (Landsberg) over the course of the next 4-5 months.

About KEMET

KEMET's common stock is listed on the NYSE under the symbol "KEM." At the Investor Relations section of our web site at http://ir.kemet.com, users may subscribe to KEMET news releases and find additional information about our Company. KEMET applies world class service and quality to deliver industry leading, high performance capacitance solutions to its customers around the world and 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 http://www.kemet.com.

Cautionary Statement on Forward-Looking Statements

Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about KEMET Corporation's (the "Company") financial condition and results of operations that are based on management's current expectations, estimates and projections about the markets in which the Company operates, as well as management's beliefs and assumptions. Words such as "expects," "anticipates," "believes," "estimates," variations of such words and other similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's judgment only as of the date hereof. The Company undertakes no obligation to update publicly any of these forward-looking statements to reflect new information, future events or otherwise.

Certain risks and uncertainties that could cause actual outcome and results to differ materially from those expressed in, or implied by, these forward-looking statements are described in the Company's reports and filings with the Securities and Exchange Commission.

SOURCE KEMET Corporation