Brown replaces Zander at Motorola

Published: Dec. 1, 2007 at 8:12 AM

NEW YORK, Dec. 1 (UPI) -- Embattled Motorola chief Edward J. Zander is being replaced by Gregory Q. Brown, who has headed four of the firm's business units in the last four years.

Carl C. Icahn, a shareholder and critic of Zander's, said he applauded the move as overdue and urged the division of Motorola into four parts, The New York Times reported Saturday.

A four-part split would free Motorola's wireless division to recruit top executives, Icahn told the Times.

The news of Brown's promotion from chief operating officer had little effect on Motorola stock as shares closed up 32 cents Friday at $1597 in regular trading.

Motorola's share of the cell phone market has fallen to third place, behind Samsung and Nokia, after a market surge a few years ago with the Razr phone. Motorola failed to refresh the product line and began to cut prices, which hurt profit margins, the Times reported.

© 2007 United Press International, Inc. All Rights Reserved.
Order reprints



Additional News Stories
HIV vaccine research takes new direction (6 min)
Report: Griffey signs with M's for 2010 (35 min)
UPI NewsTrack Business (38 min)
Physical education helps curb teen obesity (43 min)
Study produces new dyslexia findings (58 min)
ESA spacecraft performing well in orbit
Wet ethanol process yields more ethanol
fark
Photoshop these masks
New Jersey judge allows quadriplegic man to buy guns. "He plans to mount the gun on his wheelchair...
Next time you think about yelling at your three-year old for digging in the yard, remember this...
Kyrgyzstan rejects UN ban on death penalty, offer of vowels
You know the price of college textbooks is getting out of hand when one gang of thieves can steal...
AMA calls for more marijuana research, Doritos