Troubled Motorola to name David Dorman as Chairman
Motorola, a company that helped bring the cell phone to fruition, has been struggling lately. To recapture world market share,
Dorman will have plenty of work to do. Besides trying to recover market share, Motorola is slated to spin-off its cell phone division. Dorman will also have to deal with billionaire investor Carl Ichhn, who recently won a battle that put two of his nominees on Motorola’s board of directors. Dorman will be in charge of the board but have no say in the day-to-day business of the company.
“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,” CEO Greg Brown said in a statement.
“Motorola has tremendous assets and talented people, and I am confident in the actions Greg Brown, our management team and Board are taking,” Dorman said in a statement