MANKATO, MN -- EMS firm Winland Electronics has formally promoted Thomas de Petra to chief executive and president.
He had been interim CEO and president since
the retirement of longtime CEO Lorin Krueger last January. de Petra has also been Winland's chairman since 2006 and a director since
1994.
TOKYO -- Matsushita
reported record profits of 281.9 billion yen ($2.7
billion) for its fiscal year ended in March, up about 30% from last year, on a 0.4% uptick in sales, to 9.07 trillion yen ($86.9 billion).
Operating profit rose 13% to 519.5 billion yen ($4.98 billion).