Motorola boss Ed Zander has been ousted as CEO by the firm’s board of directors. Greg Brown, the firm’s current president and chief operating officer, will held the position after 1 January. Anyway, Zander will continue in Motorola board until May and as strategic advisor to the CEO until January 2009.
A spokesman of the board said that the decision to drop Zander and elect Brown as CEO was the “culmination of a thoughtful and disciplined process of succession planning”.
Ed Zander becomes Motorola’s CEO in 2004, months before Motorola RAZR success, tough this success gives him little credit because the product was developed long before.
Since then, Motorola market share has not stopped falling and has cut around 7,500 jobs worldwide since January 2007, trying to push the company back into profitability.
Link mocoNews
