Current CEO Edward J. Zander will continue to serve as Chairman of the Board of Directors until the annual meeting of stockholders in May 2008. Why a change at the top? Well according to Jeff Kagan, an independent analyst, Zander’s departure is based on having succeeded only partially as CEO of a major technology company in the midst of major industry changes. “Ed Zander came from Sun Microsystems to turn Motorola around and was somewhat successful, but that success did not continue,” Kagan said in an e-mail.
Zander’s “big mistake was thinking that the single success of the Razr phone was enough,” Kagan added. “It was not. The Razr may have been hot, but Motorola needed to replace it with another hot phone. Instead they rode it up and rode it back down again.”