|Motorola elects new non-executive Chairman|
Posted: 09-Apr-2008 [Source: Motorola]
[David Dorman to replace Ed Zander as Motorola's non-execuitive Chairman of the Board.]
Schaumburg, IL -- Motorola, Inc. (NYSE: MOT - News) 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.
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