Motorola Names Paul J. Liska Chief Financial Officer
Posted on February 22, 2008
Filed Under Mobile Computing, mobile phones
SCHAUMBURG, Ill., Feb. 21 /PRNewswire-FirstCall/ — Motorola, Inc.
(NYSE: MOT) today announced Paul J. Liska has been named executive vice
president and chief financial officer (CFO) of Motorola, effective March 1,
2008. Mr. Liska will report directly to Greg Brown, president and chief
executive officer. Tom Meredith, the company’s acting CFO will continue as
a non-management board member and will work closely with Mr. Liska to
ensure a smooth transition.
Brown stated, “Since appointing Tom Meredith as acting CFO, we have
undertaken a thorough search process to identify candidates with financial,
operational and strategic experience. We are fortunate that Paul has such a
broad set of general management and CFO experiences. Paul will be a very
valuable addition to our team and he is well-suited to drive forward the
important work already underway to enhance our financial performance.”
Brown added, “On behalf of the board and the management team, I want to
thank Tom for his significant contributions over the last year. He has
played an important role in improving Motorola’s cash conversion cycle and
cost structure. The changes implemented under Tom’s leadership have helped
position Motorola for renewed success. I am pleased that Tom will help
through this key transition period.”
Prior to joining Motorola, Mr. Liska served as an industrial partner
for various private equity firms including MidOcean Partners, CVC Capital
Holdings and Ripplewood Holdings LLC. From 2004 to 2006, Mr. Liska served
as executive chairman of US Freightways until its purchase by Yellow
Roadway Corporation and served in various capacities with Weekly Reader
Companies, including executive chairman. From 2001 to 2004, Mr. Liska held
several positions with Sears, Roebuck and Co., including president of
credit and financial products and executive vice president and chief
financial officer. Prior to joining Sears, Mr. Liska was executive vice
president and chief financial officer of The St. Paul Companies from 1997
to 2001.
About Motorola
Motorola is known around the world for innovation in communications.
The company develops technologies, products and services that make mobile
experiences possible. Our portfolio includes communications infrastructure,
enterprise mobility solutions, digital set-tops, cable modems, mobile
devices and Bluetooth accessories. Motorola is committed to delivering next
generation communication solutions to people, businesses and governments. A
Fortune 100 company with global presence and impact, Motorola had sales of
US $36.6 billion in 2007. For more information about our company, our
people and our innovations, please visit http://www.motorola.com.
SOURCE Motorola, Inc.
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