Kemet Chief Quits

The capacitor supplier will look for a successor.
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Electronics supplier

Kemet

(KEM) - Get Report

said its CEO stepped down Wednesday, just two days after the company posted a wider third-quarter loss.

The Greenville, S.C., company said Jeffrey Graves resigned as chief executive and as a director. Kemet said it would search for a replacement and that its two remaining top execs -- finance chief David Gable and President James McClintock -- would share CEO responsibilities.

On Wednesday, Kemet rose 17 cents to $8.21.