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Motorola : Sanjay Jha
is Co-CEO
August 4, 2008
Motorola
has named Dr. Sanjay Jha as Co-Chief Executive Officer of Motorola and
Chief Executive Officer of Motorola’s Mobile Devices business, effective
immediately. Jha will be responsible for overseeing all aspects of the
Company’s Mobile Devices business and report directly to the Board. Greg
Brown will also serve as Co-Chief Executive Officer of Motorola and has
been named Chief Executive Officer of Motorola’s Broadband Mobility
Solutions business which consists of the Home & Networks Mobility and
Enterprise Mobility Solutions businesses. Brown and Jha will share
responsibility for Motorola as it moves towards separating into two
independent, publicly-traded companies.
On behalf of the Motorola Board of Directors, David Dorman, chairman of
the Board, said, “Sanjay's technical expertise and industry experience
make him ideally suited to lead Mobile Devices. As Co-CEOs, Greg and
Sanjay will build on the significant changes and solid progress achieved
at Motorola and the Mobile Devices business under Greg’s leadership
during the last seven months. I believe this is the right structure with
the right leaders to provide the necessary management focus and agility
to position both businesses for long term success.”
“I am delighted Sanjay will be joining Motorola as Co-CEO and as CEO of
Mobile Devices, and I look forward to partnering with him. Our ability
to attract a leader of Sanjay’s caliber is a testament to the strong
potential of the Mobile Devices business,” said Greg Brown, Co-CEO of
Motorola and CEO of Motorola’s Broadband Mobility Solutions business. “I
am confident Sanjay will continue the important progress we have made
and strengthen our ability to deliver innovative products and
experiences to market for the long-term future of this business.”
“Motorola is the pioneer in mobile devices and I am honored to become
Co-CEO of this Company and CEO of the Mobile Devices business,” said Jha.
“I welcome the opportunity to lead this Company into the future, while
working to create a successful independent Mobile Devices company that
will continue to innovate and grow for years to come. I look forward to
working closely with Greg, the Board, the senior leadership team, and
Motorola’s talented, hard-working and dedicated associates around the
globe to build value for our stockholders.”
Jha,
age 45, most recently served as chief operating officer of QUALCOMM
where he was responsible for overseeing Corporate Research and
Development and QUALCOMM Flarion Technologies (QFT). Jha also served as
president of QUALCOMM CDMA Technologies (QCT), QUALCOMM’s chipset and
software division and the world's largest fabless semiconductor producer
for the last five years. Jha began his career at QUALCOMM in 1994. He
was promoted to vice president of engineering in 1997, and then to
senior vice president of engineering in 1998. Jha became executive vice
president of QUALCOMM and president of QCT in 2003. He was named COO in
December 2006. He is also a member of the QUALCOMM Ventures advisory
committee. Prior to joining QUALCOMM, Jha held lead design engineering
roles with Brooktree Corporation, San Diego, and GEC Hirst Research
Labs, London, England.
Jha holds a Ph.D. in electronic and electrical engineering from the
University of Strathclyde, Scotland. He received his bachelor of science
degree in engineering from the University of Liverpool, England.
Motorola has entered into an employment agreement with Jha, the material
terms of which are described in a Current Report on Form 8-K that the
Company will file with the Securities and Exchange Commission. As part
of Jha's equity compensation package, Motorola will grant certain stock
options and restricted stock units pursuant to the inducement award
exception to the stockholder approval requirements under the New York
Stock Exchange rules as described in the Form 8-K. |