MACAO -- Nam Tai Electronics chief executive Masaaki Yasukawa tendered his resignation, effective immediate, citing family reasons. The company has named Wong Kuen Ling (Karene Wong) president and acting chief executive.

Wong has been with the company since June 1989, and since 2007 has been chairman of NTEEP.

Nam Tai is the world's 20th largest EMS provider, but its revenues have plunged more than 20% this year through September.