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.
Operating profit rose 13% to 519.5 billion yen ($4.98 billion).
MAJORCA, SPAIN – Sales of consumer electronics at retail stores will rise 8% this year, down from 14% in each of the past two years, says a leading analyst.
Jürgen Boyny, a consumer electronics analyst for market research institute GfK, said mobile phones will make up about 25% of consumer electronics sales this year, he said, followed by flat-panel TVs (19%), PCs (17%) and digital cameras (6%).