Troubled Motorola May Spin Off Mobile-Device Business

March 11th, 2008

The revolving door at Motorola could spin off a new business as an executive exodus continues. On the heels of Paul Liska stepping into the CFO role, Motorola announced that Stu Reed, who was president of the mobile-devices business until Motorola President and CEO Greg Brown took over in February, will leave.Reed and his team launched a number of key initiatives for the mobile-devices business that Motorola said it will continue. Reed also generated significant cost savings by consolidating suppliers and implementing a supply-chain strategy.

“We appreciate Stu’s many contributions to Motorola and wish him the best in the future,” Brown said. Motorola is searching for a leader for its mobile-devices business, which Brown told an audience at the Morgan Stanley conference last week is consuming 80 percent of his time.

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