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Moloney Says Hello to Moto, Again

4:30 PM -- Perhaps Dan Moloney loved Motorola Inc. (NYSE: MOT) so much he just couldn't stand to be away very long. Or perhaps Motorola figured it could no longer do without him as it gets ready for some big changes to take effect.

Whatever the case, he'll soon be back at Moto less than six months after he left the company's Home & Networks Mobility unit (at least that's what it was still being called back then) to become CEO at Technitrol Inc. , a Philly-based maker of electronic components. (See Moloney Saying Good-Bye to Moto.)

Moloney, who left Motorola as it laid out plans to split apart and underwent a reorganization in preparation for that, is returning now that the company has gotten some significant housecleaning done and prepares to spin off its mobile unit as an independent, publicly traded company by the first quarter of 2011. Among big, recent moves, Moto inked a deal to sell its wireless networks unit to Nokia Networks for $1.2 billion. (See NSN Expands in North America With Moto Buyout, Moto Wants to Do the Splits , and NSN to Buy Moto's Wireless Biz for $1.2B .)

Starting September 1, Moloney will report to Moto co-CEO Sanjay Jha and assume the role of president of Motorola's Mobility division, overseeing the following "functional organizations": Supply Chain, IT, and Government Affairs. In addition to mobile handsets, the division Moloney's returning to also handles gear that's close to cable's heart, including set-top and cable modems.

Moloney's return should free up Jha to run things from further on high, Jha was poised to assume all of Moloney's duties when he left in the early part of 2010.

As for Moloney's short stint at the helm of Technitrol, he'll keep his hand in as a member of its board of directors.

Time will tell how long Moloney's latest tour with Motorola lasts. He originally joined Moto in 2000 via the company's purchase of cable gear powerhouse General Instrument Inc.

— Jeff Baumgartner, Site Editor, Light Reading Cable

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