12 February,2010 09:47 AM IST | | IANS
Feb 12 (IANS) Bihar-born Sanjay Jha, currently the co-CEO of Motorola, will be the new chief executive officer of its handset and home businesses as the mobile phone maker Thursday announced it will split itself into two independent, publicly traded companies from early next year.
u00a0
One company will comprise Motorola's mobile handset and home (television set-top) businesses and the other will include the enterprise mobility solutions and networks businesses, the company said in a statement.
u00a0
Based at Schaumburg on the outskirts of Chicago, Motorola employs more than 60,000 people around the world.
u00a0
"The combination of mobile devices and our home (basically TV set-top boxes) business brings together two highly complementary and innovative organizations," said Jha.
u00a0
"Together we will be best positioned to lead in the convergence of mobility, media, and the Internet. Our expanding portfolio of smart phones and end-to-end video content delivery capabilities will enable us to provide advanced mobile media solutions and multi-screen experiences for our customers," Jha said.
u00a0
Greg Brown, the other co-CEO, will head the remaining enterprise mobility and network businesses.
u00a0
After the decision was announced, Brown said, "We are the leading mission-and business-critical technology solutions provider with a commitment to innovation. As an independent company, we will continue to build on our long-standing tradition of strong customer relationships, leading-edge product development, quality, thought leadership, and solid financial performance."
u00a0
Motorola chairman David Dorman said the re-structuring will provide "operational and strategic flexibility" for the two companies and position them for future success.
u00a0
The telecom giant said both businesses will be well capitalized to execute their business plans and seize future opportunities.
u00a0
Motorola has not been able to produce a wonder handset to repat the popularity of Razr phone released in 2005.
