By Andy Sambidge
Deepak Khetrapal joins electronic goods retailer with network of 30 stores, 9 service centres in UAE.
Jumbo Electronics, which has a network of 30 retail stores and nine service centres across the UAE, announced on Monday that it had a new CEO on board.
The electronics retailer said in a statement that Deepak Khetrapal had become chief executive officer, with his new role starting immediately.
Khetrapal, a former chief operating officer and whole-time director of Raymonds Limited, Mumbai, replaces former CEO Peter McElwaine who had left Jumbo Electronics in mid May.
Khetrapal brings more than 30 years of experience in industries as diverse as banking, distribution of security systems and textiles manufacturing and retail.
One of the largest distributors of Sony products in the world, the company started operating in 1974.
In March, Business Monitor International said sales of consumer electronics in the UAE are predicted to rise by 33 percent over the next four years, driven by the popularity of new gadgets.
Sales of products such as computers, mobile phones and audio-visual goods are set to hit $2.7bn in 2010, reaching $3.6bn by 2014, the research company said in a report.
The growth, it said, followed a difficult 2009 during which sales of some audio-visual products suffered a double-digit dip due to the global economic slowdown.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.