| Nam Tai Names New CEO |
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| Written by Mike Buetow | |||
| Wednesday, 11 January 2006 10:31 | |||
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VANCOUVER -- EMS firm Nam Tai Electronics Inc. today promoted Patinda Lei to chief executive and chief financial officer. Lei, 39, was chairman of Zastron Precision-Tech, a wholly owned subsidiary of Nam Tai. Former CEO and CFO Joseph Li has been named vice chairman of J.I.C. Technology Co. Ltd., another subsidiary. Lei graduated Tokyo University of Science with a degree in management science. She joined Nam Tai in May 1990 as sales engineer, and has held positions in marketing and new products. She was promoted to chairman of Zastron in March 2004. Nam Tai's fastest growing business, Zastron's sales rose from $29 million in 1997 to over $500 million in 2005, a compound annual growth rate of over 40%, and now makes up 70% of Nam Tai's revenues.
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