Vishay discloses departure of Chief Operating Officer

In a regulatory filing, Vishay (VSH) disclosed that 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. Following the cessation of Webster’s employment, Joel Smejkal, the company’s President and Chief Executive Officer, will directly oversee the Passive Components function until a successor is identified, the filing noted. In addition, the board of Vishay 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.