Greenville, SC,-- KEMET Corporation (NYSE: KEM) (the "Company"), a leading manufacturer of tantalum, ceramic, aluminum, film, paper, and electrolytic capacitors, announced today that Jacob Kotzubei has been elected to the Company's Board of Directors. On October 25, 2011, the Company's Board of Directors increased the size of the Board to nine members and elected Mr. Kotzubei to fill the resulting vacancy, placing him in the Board of Directors' Class of 2013.
Mr. Kotzubei joined Platinum Equity, LLC ("Platinum Equity") in 2002 and is a Partner at the firm. Mr. Kotzubei serves as an officer and/or director of a number of Platinum Equity's portfolio companies. Prior to joining Platinum Equity in 2002, Mr. Kotzubei worked for 4 1/2 years for Goldman Sachs' Investment Banking Division in New York City. Previously, he was an attorney at Sullivan & Cromwell LLP in New York City, specializing in mergers and acquisitions. Mr. Kotzubei received a Bachelor's degree from Wesleyan University and holds a Juris Doctor from Columbia University School of Law where he was elected a member of the Columbia Law Review.
Per Loof, KEMET Corporation's Chief Executive Officer, stated, "We are delighted to welcome Jacob to our Board of Directors. We believe that Jacob's expertise in mergers and acquisitions and his extensive experience in management oversight, private equity and capital markets will provide significant benefits to our Board and to our shareholders as we continue to focus on profitable growth."
"I am honored to join the Board of Directors of KEMET, a leading company that plays a critical role in the electronics supply chain. Platinum Equity has been an investor in the company and a supporter of its management team for nearly two and a half years and we are delighted to continue this relationship through participation via the Board," said Jacob Kotzubei, partner, Platinum Equity.
KEMET's common stock is listed on the NYSE under the symbol "KEM." At the Investor Relations section of our web site at http://www.KEMET.com/IR, 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.