|
Schaumburg, Ill. Aug. 4, 2008 –- Motorola, Inc. today
announced its Board of Directors has named
Dr. Sanjay Jha as Co-Chief
Executive Officer of Motorola and Chief Executive Officer of Motorola’s
Mobile Devices business, effective immediately. Jha will be responsible
for overseeing all aspects of the Company’s Mobile Devices business and
report directly to the Board. Greg Brown will also serve as Co-Chief
Executive Officer of Motorola and has been named Chief Executive
Officer of Motorola’s Broadband Mobility Solutions business which
consists of the Home & Networks Mobility and Enterprise Mobility
Solutions businesses. Brown and Jha will share responsibility for
Motorola as it moves towards separating into two independent,
publicly-traded companies.
On behalf of the Motorola Board of
Directors, David Dorman, chairman of the Board, said, “Sanjay's
technical expertise and industry experience make him ideally suited to
lead Mobile Devices. As Co-CEOs, Greg and Sanjay will build on the
significant changes and solid progress achieved at Motorola and the
Mobile Devices business under Greg’s leadership during the last seven
months. I believe this is the right structure with the right leaders to
provide the necessary management focus and agility to position both
businesses for long term success.”
“I am delighted Sanjay will
be joining Motorola as Co-CEO and as CEO of Mobile Devices, and I look
forward to partnering with him. Our ability to attract a leader of
Sanjay’s caliber is a testament to the strong potential of the Mobile
Devices business,” said Greg Brown, Co-CEO of Motorola and CEO of
Motorola’s Broadband Mobility Solutions business. “I am confident
Sanjay will continue the important progress we have made and strengthen
our ability to deliver innovative products and experiences to market
for the long-term future of this business.”
“Motorola is the
pioneer in mobile devices and I am honored to become Co-CEO of this
Company and CEO of the Mobile Devices business,” said Jha. “I welcome
the opportunity to lead this Company into the future, while working to
create a successful independent Mobile Devices company that will
continue to innovate and grow for years to come. I look forward to
working closely with Greg, the Board, the senior leadership team, and
Motorola’s talented, hard-working and dedicated associates around the
globe to build value for our stockholders.”
Jha, age 45, most
recently served as chief operating officer of QUALCOMM Incorporated
where he was responsible for overseeing Corporate Research and
Development and QUALCOMM Flarion Technologies (QFT). Jha also served as
president of QUALCOMM CDMA Technologies (QCT), QUALCOMM’s chipset and
software division and the world's largest fabless semiconductor
producer for the last five years. Jha began his career at QUALCOMM in
1994. He was promoted to vice president of engineering in 1997, and
then to senior vice president of engineering in 1998. Jha became
executive vice president of QUALCOMM and president of QCT in 2003. He
was named COO in December 2006. He is also a member of the QUALCOMM
Ventures advisory committee. Prior to joining QUALCOMM, Jha held lead
design engineering roles with Brooktree Corporation, San Diego, and GEC
Hirst Research Labs, London, England.
Jha holds a Ph.D. in
electronic and electrical engineering from the University of
Strathclyde, Scotland. He received his bachelor of science degree in
engineering from the University of Liverpool, England.
Motorola
has entered into an employment agreement with Jha, the material terms
of which are described in a Current Report on Form 8-K that the Company
will file with the Securities and Exchange Commission. As part of Jha's
equity compensation package, Motorola will grant certain stock
options and restricted stock units pursuant to the inducement award
exception to the stockholder approval requirements under the New York
Stock Exchange rules as described in the Form 8-K.
Information Source: Motorola
Images courtesy of Motoroal website
|