Motorola names new CEO

Cell phone manufacturer's board of directors elects COO Greg Brown to succeed Ed Zander, who will step down Jan 1.

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Greg Brown, newly elected Motorola chief executive officer.

NEW YORK (CNNMoney.com) -- Motorola Inc. announced Friday its board of directors has elected President and Chief Operating Officer Greg Brown as its new chief executive officer.

Brown will succeed Ed Zander, who will step down from the post on Jan 1. Zander will continue to serve as chairman of the board of directors until May 2008.

Brown joined Motorola (Charts, Fortune 500) in 2003 and led the $3.9 billion acquisition of Symbol Technologies, the cell phone maker's second largest transaction in the company's history.

Prior to joining Motorola, Brown served as chairman and CEO of the network management software company Micromuse Inc. He also previously held positions at AT&T (Charts), Ameritech Custom Business Services and Ameritech New Media Inc. To top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.