Motorola will finally split into two separate public companies next year on January 4, a move first announced in 2008.
The company said yesterday that its board has approved the separation of Motorola Mobility Holdings from Motorola. The new Motorola Mobility company will handle the mobile phone and set-top box business. Motorola will rename itself to Motorola Solutions and focus on the enterprise and network business products.
Sanjay Jha will run Motorola Mobility as CEO, while Greg Brown will assume the same role for Motorola Solutions. Both men have been running Motorola as co-CEOs.
Stockholders who own Motorola shares by … Read more