Motorola has appointed Greg Brown as its new CEO, effective January 1, 2008. Mr Brown will succeed Edward Zander, who will remain as the chairman of the board until May 2008.
Mr Brown currently serves as president and COO. Prior to his role as president and COO, Mr Brown headed four different businesses at Motorola. The company stated that 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.
Samuel Scott III, lead director of board of directors at Motorola, 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.
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.
Mr Brown said: 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.