Date: 19/01/2009

KEMET consolidates its DC film and paper operations into single business unit

Capacitor specialist KEMET has announced 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.