Moloney Saying Good-Bye to Moto
Dan Moloney is leaving the helm of Motorola Inc. (NYSE: MOT)'s Home & Networks Mobility unit to take the CEO post at Technitrol Inc. , marking the first big change up top at Moto since the company announced plans to split into two independent companies.
Technitrol, a Philadelphia-based maker of electronic components, said Moloney will join the company in March, succeeding M. Papada III, who is retiring. (See Moto Exec Jumps to Technitrol.)
Moloney has served in several senior-level positions at Motorola since the company purchased cable-box maker General Instrument (GI), in 2000 in a deal valued at about $17 billion. [Ed. note: These days, Moto itself is worth about $15.9 billion.] Before that, Maloney spent 16 years at GI, on board well before the cable industry started to make its big shift into digital video and began to introduce Docsis-based high-speed Internet and IP voice services.
Moloney is departing Moto as big changes get underway. By the first quarter of 2011, Motorola expects to split into two independent, publicly traded companies: Mobile Devices and Home (to be headed by current co-CEO Dr. Sanjay Jha), and Enterprise Mobility Solutions and Networks (to be run by Jha's counterpart, Greg Brown). (See Moto Wants to Do the Splits .)
Post-split, Moloney was reportedly slated to report to Jha and head up the cable and telecom equipment arm of the new Mobile Devices and Home division, and remain based in Horsham, Pa.
Motorola could not immediately say if they've found a replacement for Moloney, who will soon be spending his days and nights in the wonderful world of components.
UPDATE: Any leadership vacuum due to Moloney's departure should be fleeting. A Motorola spokeswoman said via email that Jha will also take the leadership role for the Home business as part of his broader duties at the company.
Technitrol makes electrical contacts and assemblies for other companies that make gear for the data networking, broadband/Internet access, military/aerospace, automotive, and electrical equipment industries. Among recent product news, Pulse, a subsidiary of Technitrol, introduced an Long Term Evolution (LTE) antenna that can adjust to seven bands.
But things there haven't been all that rosy, either. The company posted fiscal year 2009 revenues of $398.80 million, down from $626.27 million during fiscal 2008.
But they think they've got the right guy to help the company weather the slowdown and reverse course. "Dan is a tested veteran of electronics business cycles, with a long and successful track record of driving performance improvement and leading organizations through periods of transition and rapid technological change," Papada said, in a statement.
— Jeff Baumgartner, Site Editor, Light Reading Cable