Vishay COO Jeff Webster departs, Roy Shoshani named COO of Semiconductors

On January 13, the Board of Directors of Vishay (VSH) Intertechnology appointed Roy Shoshani, the Company’s current Executive Vice President,Chief Technical Officer, as the Company’s Executive Vice President,Chief Operating Officer of Semiconductors and Chief Technical Officer, effective as of January 13…Also On January 13, the Compensation Committee of the Board approved the execution of an amendment to Mr. Shoshani’s employment agreement with the Company and its subsidiary, Siliconix incorporated. On January 13 the employment of Jeff Webster, the Company’s Executive Vice President – Chief Operating Officer, ceased on terms entitling him to severance benefits in accordance with the terms of his employment agreement, provided that Mr. Webster executes a release of claims and complies with pre-existing restrictive covenants. Following the cessation of Mr. Webster’s employment, Joel Smejkal, the Company’s President & Chief Executive Officer, will directly oversee the Passive Components function until a successor is identified. This information was taken from a company 8K filing..