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TheStreet Open House

KEMET CEO Per Loof Named Ernst & Young Entrepreneur Of The Year® 2012 In The Carolinas

Stocks in this article: KEM

GREENVILLE, S.C., June 29, 2012 /PRNewswire/ --  KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced that Chief Executive Officer Per Loof received the Ernst & Young Entrepreneur Of The Year ® 2012 Carolinas Award in the Technology and Communications category.

(Photo: http://photos.prnewswire.com/prnh/20120629/CL33249-a )(Photo: http://photos.prnewswire.com/prnh/20120629/CL33249-b )

The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Mr. Loof was selected by an independent panel of judges, and the award was presented at a special gala on June 21, 2012 at the Westin Charlotte. Loof's wife of 37 years and twin sons were also in attendance to share in this special occasion.

"Those of us who work with Per are well aware of his entrepreneurial spirit and abilities," stated Frank Brandenberg, Chairman, KEMET Board of Directors. "When looking at both the growth of our business over the last five years and our recently announced intention to acquire NEC Tokin, a picture of a leader with the unique ability to positively change the landscape rapidly emerges. We are highly fortunate to have Per leading our enterprise," continued Brandenberg.  

"It is an immense honor to receive the Ernst & Young Entrepreneur Of The Year 2012 Award. I am humbled to have been chosen from a group of such worthy candidates. Certainly, I am thankful to the people with whom I work because without them, this recognition would not be possible," stated Loof.

As a Carolinas award winner, Mr. Loof is now eligible for consideration for the National Entrepreneur Of The Year 2012 Award, which will be announced at the annual awards gala in Palm Springs, California, on November 17, 2012.

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.

About Ernst & Young

For more information on Ernst & Young, please go to http://www.ey.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.

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