Sanjay Jha, currently the co-CEO of Motorola, will be the new chief executive officer of its handset and home businesses as the mobile phone maker plans to split into two independent, publicly-traded companies from early next year.
One company will comprise Motorola’s mobile handset and home (television set-top) businesses and the other will include the enterprise mobility solutions and networks businesses, the company said in a statement.
“The combination of mobile devices and our home business brings together two highly complementary and innovative organisations,” said Jha.
“We will be best positioned to lead in the convergence of mobility, media, and the Internet. Our expanding portfolio of smart phones and end-to-end video content delivery capabilities will enable us to provide advanced mobile media solutions,” he said.
Greg Brown, the other chief executive officer will head the remaining enterprise mobility and network businesses. “We will continue to build strong customer relationships, leading-edge product development, quality and solid financial performance,” Brown said.
Motorola chairman David Dorman said the re-structuring will provide “operational and strategic flexibility” for the two companies and position them for future success.
Though both companies will use the Motorola brand, Jha-run mobile devices and home business will own the brand name. It will license the brand name royalty free to the enterprise mobility and networks business. IANS