GREENVILLE, SC -- James P. McClintock resigned as head of business units and new business development of passives components maker Kemet Corp., effective Nov. 1.

The company did not disclose a reason in a press release issued Oct. 31.

On Oct. 26, Kemet reported a narrower quarterly loss.

McClintock is a former president and chief operating officer of the company. McClintock will receive separation pay of $320,000, a car allowance worth $6000, and health, life and disability insurance benefits for six months subject to certain terms and final agreement.

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