Motorola Names Greg Brown Chief Executive Officer, Succeeding Edward J. Zander Who Remains Chairman
SCHAUMBURG, Ill., Nov. 30 -- Motorola, Inc.
(NYSE: MOT) today 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."
"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 Background
Since March 2007, Mr. Brown has served as President and Chief Operating
Officer of Motorola and was elected to the Company's Board of Directors
earlier this year.
Prior to his role as President and COO, Mr. Brown headed four different
businesses at Motorola. He also led the $3.9 billion acquisition of Symbol
Technologies, the second largest transaction in Motorola's history and an
important strategic move to strengthen Motorola's enterprise offering.
Additionally, Mr. Brown returned the automotive business to profitability,
while also leading the divestiture of that business which was sold to
Continental for $1.0 billion. He also led the government and public safety
business for four years, substantially growing earnings over that time. Mr.
Brown joined Motorola in 2003.
Prior to joining Motorola, Mr. Brown was chairman and CEO of Micromuse
Inc., a network management software company. Before that, he was President of
Ameritech Custom Business Services and Ameritech New Media Inc. Before joining
Ameritech in 1987, Mr. Brown held a variety of sales and marketing positions
with AT&T for five years, resulting in 25 years of high-tech experience.
An active member of the civic and business communities, he was appointed
by the White House to serve on President Bush's National Security
Telecommunications Advisory Committee (NSTAC) in May 2004. Mr. Brown is also a
member of the board of directors for United Way, World Business Chicago, and
the U.S.-China Business Council.
Mr. Brown received his bachelor's degree in economics from Rutgers
University and is a member of the Rutgers board of overseers.
About Motorola
Motorola is known around the world for innovation and leadership in
wireless and broadband communications. Inspired by our vision of seamless
mobility, the people of Motorola are committed to helping you connect simply
and seamlessly to the people, information and entertainment that you want and
need. We do this by designing and delivering "must have" products, "must do"
experiences and powerful networks -- along with a full complement of support
services. A Fortune 100 company with global presence and impact, Motorola had
sales of US $42.8 billion in 2006. For more information about our company, our
people and our innovations, please visit www.motorola.com.
MOTOROLA and the stylized M Logo are registered in the U.S. Patent &
Trademark Office. All other product or service names are the property of their
respective owners.(C) Motorola, Inc. 2007
