Motorola CEO Ed Zander Steps Down

By Dan Keane
21:26, November 30th 2007
108 votes
Vote this story
Motorola CEO Ed Zander Steps Down

The US mobile phone maker Motorola announced that its CEO Ed Zander will step down in January 2008. Ed Zander, 60, took over at Motorola in January 2004. Previous to Motorola, Ed Zander had worked at a number of Silicon Valley firms, including Data Systems, Apollo Computers and Sun Microsystems.

Zander will be replaced by COO Greg Brown, Motorola said. Prior to his role as President and COO, Mr. Brown headed four different businesses at Motorola.

Ed Zander would continue to serve as head of the board of directors until the annual general stockholders meeting next May.

The move comes after a year of disappointing results as the company failed to follow on from the earlier success of its slim-line cell phone the RAZR.

Under Zander’s leadership, the company sold more than 100 million units of the RAZR over three years, making it the best-selling cellphone in the history of the industry.

But at the end of the third quarter, Motorola had fallen to third place in mobile phone market share, behind Samsung Electronics Co and Nokia. The company now has just a 13.1 per cent share of the global market, compared with 20.7 per cent a year ago, when it was number 2, according to Gartner Research.

In a statement, Motorola board of directors lead director Samuel C Scott III thanked Zander "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."

In an interview for Reuters, Ed Zander, who has been in the technology industry for 40 years, insisted that his departure was entirely of his own choice. "[It was] my date, my doing, my time frame," he said.



© 2007 - 2009 - eFluxMedia
dotclear

Other News in

Lower Revenue For Intel

Lower Revenue For Intel

Intel has recently announced that it expects a lower revenue this year, as the demand for computers has declined and there’s reduction in inventory among PC makers and other customers. This...

TV Guide Being Sold To Lionsgate

  Macrovision Solutions Corporations has crossed off a deal with Allen Shapiro and One Equity Partners to sell the TV Guide Network and TVGuide.com for $25 million. The Studio will instead be...

Satyam CEO Resigns Following Scandal

  On Wednesday Satyam Computer Services announced that B. Ramalinga Raju, its founding chairman had resigned after he’d admitted that he inflated his financial performance. Satyam, which...

Time Warner to take write-down of 25 billion dollars

San Francisco  - Time Warner, the world's largest media conglomerate, said Wednesday that it will take a 25-billion-dollar write-down in its fiscal fourth quarter, propelling the company to its...

Intel’s Revenue Fails to Meet Forecasts

Intel’s Revenue Fails to Meet Forecasts

Intel has announced that its revenue for the fourth quarter had fallen 23 percent below the one registered during the same time-frame last year, thus failing to meet forecasts, which the company has...

dotclear
Latest videos in Business
Japan spending slides
Business Update: Stimulus...
Mixed messages from UK High...
Business update: M&S to axe...
Chrysler, Toyota, Lead...

dotclear
Business You are here: Business
» World   » Business   » U.S.   
E-mail To A Friend Print RSS Text size: Decrease font size Increase font size
dotclear
dotclear
dotclear
Most Popular in Business
Cadillac SRX UnveiledCadillac SRX Unveiled

» read full story
dotclear

Interested In This Topic?

News Alert will keep you informed. Find out more.
dotclear
Photos Gallery
dotclear
Today's Latest News
Hedlund Will Star In Tron 2

» read full story
dotclear