Motorola announced Friday that they will split into two distinct companies, one targeted at Enterprise Mobility and one focused on Home Devices. The companies will both be publicly traded and will both use the Motorola Brand. The Motorola Board of Directors views the split as a benefit to shareholder value in the long term.
“The combination of Mobile Devices and our Home business brings together two highly complementary and innovative organizations,” said Dr. Sanjay Jha, co-chief executive officer of Motorola.
Co-chief executive officer of Motorola, Sanjay Jha will be CEO of Motorola’s mobile devices and home businesses.
Co-chief executive officer of Motorola, Greg Brown, will be CEO of Motorola’s enterprise mobility solutions and networks businesses.
The split is scheduled to take place in Q1 2011.
In Q1 Motorola will divide into two more focused companies
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