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Motorola Announces Appointment of Edward J.
Zander as Chairman and CEO
Schaumburg,
Ill., December 16, 2003 – 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.
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Media
Contact:
Jennifer
Weyrauch
1+847-435-5320
Jennifer.weyrauch@motorola.com
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