The company (Motorola) is bringing in a private equity executive to be treasurer. It is also replacing the head of its Europe, Middle East and Africa cell phone operations. According to The Wall Street Journal the company said "the leadership changes are part of an overall plan to swiftly transform the senior executive team."It is difficult to assess what all these changes will mean for the company going forward.
Motorola has been trying, unsuccessfully, to sell its handset division, probably to a rival like Samsung. It now appears that the firm will have to work its way out of trouble. That means that executives in areas where the company is doing poorly could all be out in the next several months.
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