Management Turnover as Change Agent

Friday, February 22, 2008

More Management Changes At Motorola

Motorola's MOT (NYSE) latest management change, the selection of a new CFO has done little to ease concerns about the company. Yesterday, Motorola announced the selection of Paul Liska as its new CFO. Liska replaces Tom Meredith, the acting CFO who was put in the position upon the retirement of David Devonshire on April 1, 2007. Liska was a private equity specialist who was previously a partner at Ripplewood Holdings and Mid Ocean Partners. He was also the former CFO of Sears Roebuck and was involved in the 2003 sale of the firm's credit card business to Citibank. He is definitely an interesting choice when you consider that Motorola has been rumored to be seeking the sale or splitting of its mobile handset business. Liska has the credentials to be quite helpful in this type of undertaking.

We will just have to wait and see how Liska and Motorola's newest CEO, Greg Brown work together to solve the numerous difficulties facing the company. According to the Wall Street Journal,
Brown has known Liska for a decade.
Keep a close eye on Liska as he jumps aboard March 1, and tries to make sense of the problems and possible opportunities facing Motorola.

For more:

Barron's blog
Dealscape
Mobile Burn
TheStreet.com
Bloomberg
BloggingStocks
Silicon Alley Insider
Chicago Tribune

1 comment:

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