Motorola's Zander out after Razr deemed one-hit wonder "Few Motorola followers were shocked by the company's announcement Friday that CEO Ed Zander would be stepping down--they were just surprised it didn't happen sooner.

"If you look at the company's performance the last year and beyond, it's no surprise at all," said Ellen Daley, a Forrester Research analyst. "And when the numbers came out that Samsung surpassed Motorola as the No. 2 device maker, it didn't bode well for Ed."

After just shy of three years at the wheel, Zander plans to resign his CEO position at the end of the year. He will be succeeded by Greg Brown, the current president and chief operating officer of the company.

Zander's downfall can be summed up in seven words: lack of innovation and slow to market, analysts and industry watchers say."

Labels: motorola

  ¶ posted by Jimmie Geddes, Editor @ 11/30/2007 07:50:00 PM