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Motorola Names Greg Brown Chief Executive Officer |
| News - Motorola | ||||
| Monday, 03 December 2007 00:57 | ||||
 Motorola, Inc. announced that its Board of Directors has elected Greg Brown, 47, as Chief Executive Officer of Motorola, effective January 1, 2008. Mr. Brown currently serves as President and Chief Operating Officer. Mr. Brown will succeed Edward J. Zander as CEO, and Mr. Zander, 60, will continue to serve as Chairman of the Board of Directors until the annual meeting of stockholders in May 2008.On behalf of Motorola's Board of Directors, Samuel C. Scott III, lead director, said, "I want to take this opportunity to thank Ed for his vision, expertise and tireless commitment to Motorola. We greatly appreciate his many contributions and wish him all the best in the years ahead. Today's decision is the culmination of a thoughtful and disciplined process of succession planning." Scott added, "The Board is delighted that Greg will serve as CEO. We are confident that he will bring a combination of strategic insight, operational discipline, and inspirational leadership needed for accelerated and sustained growth." "We are exceedingly fortunate to have a leader of Greg's caliber, vision and experience. He has been an invaluable partner and I am confident he is the right person to be the next CEO of Motorola and lead the Company through its multi-year transformation," said Zander. "Next year marks my 40th year in the technology industry. This is the right time for me to move on to the next phase in my life and spend more time with my family. I am grateful I had the opportunity to lead Motorola over the last four years. It's been a wonderful experience." "Greg brings a wealth of experience to Motorola and has demonstrated success in all facets of management," he added."His keen understanding of Motorola's strategy and customer requirements will be invaluable as we execute our revitalized operating plan for the benefit of our customers, partners, employees and shareholders." Brown, 47, has more than 25 years of high-tech experience, including leadership positions in the telecommunications, software and wireless industries. Brown has been an executive officer at Motorola since 2003 and most recently served as President of Motorola's Networks and Enterprise business. With revenues of approximately $13 billion, Networks and Enterprise is focused on providing market-leading end-to-end network infrastructure solutions to private, public and enterprise customers worldwide. Prior to joining Motorola in 2003, Brown was Chairman and Chief Executive Officer of Micromuse, a publicly traded network management software company. Before that he held a variety of senior management positions at Ameritech and AT&T. "I am privileged to become the CEO of Motorola," said Greg Brown. "This is a unique Company with strong technology, people and customers. I welcome this opportunity to lead Motorola successfully into the future. We have a lot to do and I am intensely focused on building shareholder value. I look forward to working closely with Ed to ensure a smooth transition," Greg Brown added.
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