GREENVILLE, SC – Component maker Kemet Corp. reported its executive vice president and chief financial officer David Gable is resigning.

Gable leaves the company to pursue other avenues, Kemet said.

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

Gable will remain with the company during the search for a successor.