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SCHAUMBURG, Ill. 30 November 2007 – Motorola, Inc. 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.
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