NOVEMBER 30, 2007 -- Motorola's (search for Motorola) board of directors has elected 47-year-old Greg Brown as the company's CEO. Brown will succeed Edward J. Zander as CEO; Zander will continue to serve as chairman of the board until the annual meeting of stockholders in May 2008.
Brown's promotion becomes effective January 1, 2008. Brown joined Motorola in 2003. He was named president and COO of Motorola this past March and is already a member of the company's board.
"Next year marks my 40th year in the technology industry," said Zander. "This is the right time for me to move on to the next phase in my life and spend more time with my family. I am grateful I had the opportunity to lead Motorola over the last four years. It's been a wonderful experience."
Prior to his role as President and COO, Brown headed four different businesses at Motorola. He also led the $3.9 billion acquisition of Symbol Technologies, the second largest transaction in Motorola's history. Brown also is credited with returning the automotive business to profitability, while also leading the divestiture of that business which was sold to Continental for $1.0 billion. He also led the government and public safety business for four years.