Motorola Announces Appointment of Edward J. Zander as Chairman and CEO
SCHAUMBURG, Ill., Dec. 16 /PRNewswire-FirstCall/ -- Motorola, Inc. (NYSE: MOT) today announced that its board of directors has unanimously elected Edward J. Zander to succeed Christopher B. Galvin as chairman and chief executive officer of the company. Zander, 56, most recently was a managing director of Silver Lake Partners, a leading private equity fund focused on investments in technology industries. Zander will join Motorola in his new capacity effective 5 January 2004. On behalf of the Motorola Board of Directors, John Pepper, Jr., director and chairman of the CEO search committee, said, "The board is delighted to announce Ed Zander as Motorola's new chairman and CEO. Ed is recognized as one of the most outstanding business leaders and intellects in the field of technology and business operations. He will bring Motorola not only a wealth of experience but a keen understanding of the emerging challenges and opportunities in the communications space. The board is deeply impressed by his understanding of Motorola's strengths and how they can be leveraged for greater advantage. We are confident that he will bring to Motorola precisely that combination of strategic insight and imagination, operational discipline and decisiveness, and inspirational leadership needed for accelerated and sustained growth." "Motorola is a global icon with a powerful base of technology, customers and employee assets that are invaluable to millions of users everyday," said Zander. "I am proud and honored to be at the helm of Motorola, a company that is rich in its 75-year history and stands at the center of the communications technology industry today. I look forward to working with the management team to establish Motorola as the definitive industry force for today as well as the next global generation." Mike Zafirovski will remain president and chief operating officer of Motorola. Zafirovski said, "Ed brings a wealth of experience to Motorola, and I believe that working together we can build upon Motorola's impressive legacy to continue to be a global leader in technology and communications." Pepper added, "On behalf of the board, I want to thank Chris Galvin for his energy in leading Motorola during a time of volatile change in global high technology markets and world events. Chris stayed the course through the end of 2003 as chairman and CEO, and we appreciate his commitment to a smooth transition. Motorola is stronger for his integrity, maturity and leadership." Zander brings more than 25 years of experience in technology companies. Prior to Silver Lake Partners Zander was president and COO of Sun Microsystems until June 2002. During his tenure, Zander grew Sun to $18 billion in revenues, established it as the number one company in the server market; and built it to be a pre-eminent supplier of network infrastructure. He oversaw the company's manufacturing, research and development, sales and marketing as well as clearly established Sun as an industry leader in systems and software. Earlier, Zander served as president of Sun's software group where he oversaw the development and marketing of Solaris and led Sun's network management, PC integration, and software product suites. Prior to joining Sun in 1987, Zander held senior management positions at Apollo Computer and Data General. Zander is a director on the board of Seagate Technology. He also serves on the board of directors of several educational and non-profit organizations including the Jason Foundation for Education, the science advisory board of Rensselaer Polytechnic Institute and the advisory board of the School of Management of Boston University. Motorola will hold a conference call on the subject at 10:00 a.m. Eastern Standard Time on Tuesday, 16 December. The toll-free dial-in number for analysts is +1-888-304-2955, and the International number is +1-210-234-0167. The passcode is Motorola One, and leader is Ed Gams. About Motorola Motorola, Inc. (NYSE: MOT) is a global leader in wireless, automotive and broadband communications. Sales in 2002 were $27.3 billion. Motorola is a global corporate citizen dedicated to ethical business practices and pioneering important technologies that make things smarter and life better, honored traditions that began when the company was founded 75 years ago. For more information, visit www.motorola.com.RELATED LINKS
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