Motorola Exec Dan Moloney Bails To Become CEO Elsewhere

Daniel Moloney, president of Motorola’s Home business, has decided to leave the company to serve as the CEO for an unnamed Philadelphia, PA-based global producer of electronic components, electrical contacts and assemblies.

Update: looks like he’ll be joining Technitrol as head honcho at the end of March 2010.

Moloney will not be replaced, as Motorola co-CEO Sanjay Jha will continue to lead the previously announced combined Mobile Devices and Home businesses, as well as take the leadership role for the Home business, effective immediately.

Moloney served nearly 10 years in senior-level capacities at Motorola and, previously, 16 years in managerial positions at General Instrument Corporation before its acquisition by Motorola early in 2000.

Since 2007 up until the recently announced reorganization, Dan Moloney ran Motorola’s Home & Networks Mobility group. In that role, he reported to Greg Brown, Motorola’s other CEO, but with the reorganization Moloney effectively rolled into a position where he had to report to co-chief executive officer Sanjay Jha instead.

When it became known that he’d be staying on as head of the Home business after the split-up, this was something of a surprise to some industry watchers. Premature, as it turns out, since it only took about 2 weeks after those reports for Moloney to hand in his resignation after all.