Published:
Motorola Elects David Dorman, Former Chairman and CEO of AT&T, to Serve as Non-Executive Chairman
SCHAUMBURG, Ill., April 9, 2008 /PRNewswire-FirstCall/ -- Motorola, Inc.
(NYSE: MOT) announced today that its Board of Directors has elected David
Dorman to serve as non-executive Chairman of the Board. Mr. Dorman will
succeed Ed Zander, the company's current chairman and former chief executive
officer, who will retire as planned upon completion of his term at Motorola's
2008 Annual Meeting of Shareholders to be held on May 5, 2008.
"Dave is ideally suited to serve as Motorola's chairman and I am confident
that our shareholders will continue to benefit from his industry knowledge and
deep understanding of the Company," said Greg Brown, president and chief
executive officer of Motorola. "I look forward to working with Dave in his
new role as we move forward with our plan to create two independent publicly
traded companies and improve the performance of the Mobile Devices business."
"Motorola has tremendous assets and talented people, and I am confident in
the actions Greg Brown, our management team and Board are taking," said
Dorman. "I look forward to taking on this new and exciting role and to
working closely with Greg, the Board, and the senior management team to
enhance value for all Motorola shareholders."
Dorman, 54, joined Motorola's Board of Directors in 2006. Dorman is a 28-
year veteran of the telecommunications industry. He is currently a managing
director and senior advisor at the firm of Warburg Pincus and Co. He joined
AT&T as president in December 2000 and served as chairman and chief executive
officer from 2002 until November of 2005. Previously, Dorman served as chief
executive officer of Concert, the global venture created by AT&T and British
Telecommunications from 1999 to 2000 and as chairman, president and chief
executive officer of Pacific Bell from 1994 until its acquisition by SBC
Communications in 1997. He served as an executive vice president of SBC until
January 2008. He began his career in the telecommunications industry at
Sprint in 1980 where he served in various capacities culminating as president
of Sprint Business in 1994. Dorman serves on the boards of CVS Corporation,
YUM! Brands, Inc., and the Georgia Tech Foundation.
About Motorola
Motorola is known around the world for innovation in communications. The
company develops technologies, products and services that make mobile
experiences possible. Our portfolio includes communications infrastructure,
enterprise mobility solutions, digital set-tops, cable modems, mobile devices
and Bluetooth accessories. Motorola is committed to delivering next generation
communication solutions to people, businesses and governments. A Fortune 100
company with global presence and impact, Motorola had sales of US $36.6
billion in 2007. For more information about our company, our people and our
innovations, please visit http://www.motorola.com.
SOURCE Motorola, Inc.
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Copyright © 2008, NewsBlaze,
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