Chicago is My Home

19
May

Motorola Strategy Executive Resigns; Fourth Executive Leaves in Six Months

Author: Adam Fendelman, Category: Business

SCHAUMBURG, Ill. – The purging continued at Motorola over the weekend as chief strategy officer Rich Nottenburg resigned. He is the fourth executive to leave the company in the past six months.

The Wall Street Journal first reported on Saturday that Nottenburg would leave Motorola. The Schaumburg, Ill.-based equipment maker has lost $1.6 billion in the 15 months as cell phone sales have significantly struggled.

CEO Greg Brown (who replaced Ed Zander in Dec. 2007) will now be charged with not only regenerating sales but also reshaping the leadership ranks at the company.

By Megan O’Neil