Kemet Corporation (fka KEM)

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Kemet Chief Financial Officer David Gable resigning
Thursday April 24, 5:44 pm ET
Kemet Chief Financial Officer David Gable resigning to pursue other interests

GREENVILLE, S.C. (AP) -- Kemet Corp., which makes components for electronic devices, said Thursday Executive Vice President and Chief Financial Officer David Gable is resigning.

The company said he is resigning to pursue other interests.

In January, the company announced a restructuring plan that will cut 120 jobs in the U.S. and 250 jobs in Mexico, moving some work to China. The company said the job cuts would save about $16 million a year, with a one-time cost of about $7 million.

Gable will remain with the company until a successor is found.

Shares of Kemet rose 12 cents, or 2.7 percent, to close at $4.59. The stock has traded between $3.93 and $9.14 over the past 52 weeks.

http://biz.yahoo.com/ap/080424/kemet_personnel.html?.v=1