This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

KEMET Announces Changes To Senior Management Team

Stocks in this article: KEM

GREENVILLE, S.C., May 9, 2013 /PRNewswire/ -- KEMET Corporation (NYSE: KEM) ("KEMET" or "the Company"), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced changes to its executive management team.

The Company has accepted the resignations of Conrado Hinojosa, Executive Vice President –Tantalum Business Group and Marc Kotelon, Executive Vice President – Global Sales.  Charles C. Meeks, Jr. will take over as head of the Tantalum Business Group, and John J. Drabik will assume the leadership of Global Sales.  While the changes are effective immediately, Messrs. Hinojosa and Kotelon will assist in an orderly transition through the end of June.

Per Loof, KEMET Corporation's Chief Executive Officer, stated, "I expect the change in the new management line-up will accelerate our drive toward our timeless model financial expectations. It is imperative we improve our financial performance even if the world economic conditions in our industry remain sluggish.  I would like to thank Conrado and Marc for their contributions and leadership during their time with KEMET.  We wish them well in their future endeavors."

  • Charles (Chuck) Meeks is appointed Executive Vice President – Tantalum & Ceramic Business Groups. Meeks' thirty year career with KEMET has spanned the areas of process engineering, ceramics plant management and Senior VP – Ceramic Business Unit.  Most recently, Meeks served as the Executive Vice President – Ceramic, Film & Electrolytic Business Group.  He has a Bachelor of Science degree in Ceramic Engineering and a Master of Business Administration from Clemson University.
  • John Drabik is appointed Senior Vice President – Global Sales.  Drabik joined KEMET in 1997 and has held positions of increasing responsibility in Sales and Product Management, including Sales District Manager, and Director – Product Line Management, Ceramic. Prior to this appointment he was the Vice President of Sales - Americas. He holds a Bachelor of Science in Management with a Minor in Marketing from Purdue University and is a 2007 graduate of the KEMET Leadership Forum.
  • Robert (Bob) Willoughby is appointed Vice President – Film & Electrolytic Business Group. He joined the Company in 1985 and has held positions in Diagnostic Engineering, Quality, Director of Process Engineering and Vice President of Operations – Film & Electrolytic Business Group.  He holds a Bachelor of Science degree in Engineering from Clemson University and is a 2007 graduate of the KEMET Leadership Forum.


The Company's common stock is listed on the NYSE under the ticker symbol "KEM" (NYSE: KEM).  At the Investor Relations section of our web site at, 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


Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about the Company's 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.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,777.92 -0.23 -0.00%
S&P 500 2,063.95 +2.72 0.13%
NASDAQ 4,755.6560 +7.26 0.15%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs