AVX Corporation announced the retirement of John S. Gilbertson as Chief Executive Officer, Board Chairman and a Director of the company effective March 31, 2015. John Sarvis, currently Vice President of Ceramic Products, will become Chief Executive Officer and President and has been appointed as a Director to fill the vacancy created by Mr. Gilbertson's retirement, effective as of April 1, 2015. Tetsuo Kuba, currently a member of the Board of Directors, will become Chairman of the Board replacing Mr. Gilbertson in that capacity.