Nam Tai appoints Patinda Lei as new CEO and CFO
Jan 11, 2006
Nam Tai Electronics, Inc. announced the appointment of Ms. Patinda Lei to the position of Chief Executive Officer and Chief Financial Officer.
Ms. Lei has held various senior positions during her long career at Nam Tai, with the most recent one being the Chairman of Zastron Precision-Tech Limited ("Zastron"), a wholly owned subsidiary of Nam Tai, which mainly engages in the key component sub-assemblies business.
Ms. Lei, 39, graduated from the Faculty of Engineering of Tokyo University of Science in Japan with a degree in management science. She joined Nam Tai in May 1990 as sales engineer and provided technical support to customers. She was promoted to senior marketing manager in November 1997 and was in charge of overall new product business responsibilities of the key component sub-assemblies business. As a result of her significant achievements, Ms. Lei was promoted to Chairman of the Board of Zastron in March 2004.
Under Ms. Lei's leadership, the sales revenue of the key component sub-assemblies business increased from $29 million in 1997 to over $500 million in 2005, representing a compound annual growth rate of over 40% during the past 8 years. Currently, the key components sub-assemblies business contributes around 70% to Nam Tai's sales revenue and has become the fastest growing business for the Company.
"I am grateful for Ms. Lei's outstanding contribution for her over 15 years of distinguished services to Nam Tai and I am also proud of what she has accomplished," said Mr. M.K. Koo, Chairman of Nam Tai. "As a proven leader, Ms. Lei has demonstrated decisive leadership and has made a significant contribution to the growth in revenue and business expansion of Nam Tai. With her proven track record and outstanding performance, the Board of Directors is confident that Ms. Lei is the right person to take the Company to the next level and deliver superior business results. "
In other organizational changes, Mr. Joseph Li, the former CEO and CFO of Nam Tai, has been appointed as the Vice-Chairman of J.I.C. Technology Company Limited ("J.I.C."), one of Nam Tai's Hong Kong listed subsidiaries, to strengthen its management team for future business expansion.