GREENVILLE, S.C., June 14, 2017 (GLOBE NEWSWIRE) -- KEMET Corporation (the "Company" or "KEMET") (NYSE:KEM), a leading global supplier of passive electronic components, announced today that Yasuko Matsumoto has been elected to the Company's Board of Directors. On June 13, 2017, the Company's Board of Directors increased the size of the Board to nine members and elected Ms. Matsumoto to fill the resulting vacancy, placing her in the Board of Directors' Class of 2019.
Ms. Matsumoto is currently employed as the General Manager, Affiliated Company Department, Corporate Strategy Division of NEC Corporation ("NEC"). She joined NEC in 1986, in the Corporate Finance Division; served as Manager, Corporate Finance Division, of NEC Capital Solutions Limited (an NEC subsidiary) from 1998 to 2000; and in 2000 moved to NEC's Corporate Alliance Department before her transfer in 2008 to her current department. Ms. Matsumoto currently serves on the board of directors of Nippon Avionics Co., Ltd. (listed on the Tokyo Stock Exchange), Netcracker Technology Corporation and NEC Energy Devices, Ltd. Ms. Matsumoto served as a director of NEC TOKIN Corporation from 2011 until its acquisition by KEMET on April 19, 2017. Ms. Matsumoto received a Bachelor of Economics degree from Sophia University and is a graduate of the Executive Management Program of the University of Tokyo.
Per Loof, KEMET Corporation's Chief Executive Officer, stated, "We are delighted to welcome Yasuko to our Board of Directors. We believe that Yasuko's financial expertise, experience in mergers and acquisitions, and experience with, and access to, the Asian financial markets will provide significant benefits to our Board and to our shareholders as we continue to focus on the Asian markets. We also expect to benefit from her particular experience with the automotive industry and with the Asian electronics components markets."
"I am honored to join the Board of Directors of KEMET," said Yasuko Matsumoto. "I look forward to expanding our relationship developed over the years in connection with the acquisition of TOKIN Corporation by KEMET, and providing assistance to KEMET as it continues to expand into the Japanese and Asian markets."
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 http://www.kemet.com/IR, users may subscribe to KEMET news releases and find additional information about our Company. KEMET offers our customers the broadest selection of capacitor technologies in the industry, along with an expanding range of electromechanical devices, electromagnetic compatibility solutions and supercapacitors. Our vision is to be the preferred supplier of electronic component solutions demanding the highest standards of quality, delivery and service. Additional information about KEMET can be found at http://www.kemet.com.