- Apr 24, 2008
- 3,219
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NEW YORK (Dow Jones)--Motorola Inc. (MOT) said veteran executive Dan Moloney left to take over a small electronic-parts manufacturer, the latest high-profile departure amid the company's attempt to transform itself.
The Schaumburg, Ill., telecommunications equipment maker's struggles and resulting decision to break itself up--a planned split of the mobile devices and home divisions into one company and the networks and enterprise mobility divisions into another--has resulted in a wave of executives leaving and a drain in talent over the past several years.
The recent moves left little room for Moloney, who oversaw the home unit that makes television set-top boxes. Co-Chief Executive Sanjay Jha will run both the home and mobile devices units, and he has already talked about more tightly integrating the two disparate businesses. Jha takes over both businesses effective immediately.
The company has lost a number of key executives since losing its way a few years ago. Ron Garriques, who oversaw the mobile devices unit and caught a lot of the heat for failing to find a follow-up to the hit Razr ultra-slim phone, went to Dell Inc. (DELL), and helped usher the new Mini smartphone. Technology chief Padmasree Warrior left the company for a similar position at Cisco Systems Inc (CSCO).
Others include Garriques' successor, Stu Reed, as well as Chief Marketing Officer Kenneth Keller and consumer products executive Rod Shaddock.
Moloney, who was well respected within the company, ran the home business, and previously also oversaw the networks division. The executive spent 10 years at the company following the acquisition of General Instrument, where he was a manager for 16 years.
Moloney will become chief executive of Technitrol Inc. (TNL), which makes electronic components for a variety of industries, including telecommunications. He will take over the company in late March, replacing the retiring James Papada.
Motorola shares fell 2.1% to $6.86.
-By Roger Cheng, Dow Jones Newswires; 212-416-2153; roger.cheng@dowjones.com
UPDATE: Motorola Exec Leaves To Run Electronic Parts Maker - WSJ.com
Wish we could get a new box for HD.
The Schaumburg, Ill., telecommunications equipment maker's struggles and resulting decision to break itself up--a planned split of the mobile devices and home divisions into one company and the networks and enterprise mobility divisions into another--has resulted in a wave of executives leaving and a drain in talent over the past several years.
The recent moves left little room for Moloney, who oversaw the home unit that makes television set-top boxes. Co-Chief Executive Sanjay Jha will run both the home and mobile devices units, and he has already talked about more tightly integrating the two disparate businesses. Jha takes over both businesses effective immediately.
The company has lost a number of key executives since losing its way a few years ago. Ron Garriques, who oversaw the mobile devices unit and caught a lot of the heat for failing to find a follow-up to the hit Razr ultra-slim phone, went to Dell Inc. (DELL), and helped usher the new Mini smartphone. Technology chief Padmasree Warrior left the company for a similar position at Cisco Systems Inc (CSCO).
Others include Garriques' successor, Stu Reed, as well as Chief Marketing Officer Kenneth Keller and consumer products executive Rod Shaddock.
Moloney, who was well respected within the company, ran the home business, and previously also oversaw the networks division. The executive spent 10 years at the company following the acquisition of General Instrument, where he was a manager for 16 years.
Moloney will become chief executive of Technitrol Inc. (TNL), which makes electronic components for a variety of industries, including telecommunications. He will take over the company in late March, replacing the retiring James Papada.
Motorola shares fell 2.1% to $6.86.
-By Roger Cheng, Dow Jones Newswires; 212-416-2153; roger.cheng@dowjones.com
UPDATE: Motorola Exec Leaves To Run Electronic Parts Maker - WSJ.com
Wish we could get a new box for HD.
