Management Turnover as Change Agent

Thursday, March 6, 2008

Management Changes At Motorola Continue, CMO Out

Motorola MOT (NYSE) continues to try and find new ways to resolve its mobile phone related problems. According to a story by Wallin Wong in the Chicago Tribune earlier today,
Motorola confirmed Thursday that Kenneth "Casey" Keller, who had been marketing chief since October 2006, departed the company on Feb. 29. The company is not replacing him. Instead, Keller's two former deputies, Eduardo Conrado and Jeremy Dale, will now report directly to the presidents of their divisions.

... Motorola is searching for a new mobile devices head and is conducting a broad restructuring that could involve splitting the handset division from its other businesses.
The confirmation comes just after it became known that activist shareholder and major Motorola critic, Carl Icahn, increased his ownership of Motorola shares from 5% to over 6%. Pressures continue to build from a number of fronts on Motorola's newest CEO, Greg Brown, as he tries to find a formula to right the ship.

Keep a close eye on the company and moves taken by the CEO and Ichan.

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