CHICAGO, Feb 12 (IANS): Bihar-born Sanjay Jha, currently the co-CEO of Motorola, will be the new chief executive officer of its handset and home businesses as the mobile phone maker on Thursday announced it will split itself into two independent, publicly traded companies from early next year.
One company will comprise Motorola's mobile handset and home (television set-top) businesses and the other will include the enterprise mobility solutions and networks businesses, the company said in a statement.
Based at Schaumburg on the outskirts of Chicago, Motorola employs more than 60,000 people around the world.
"The combination of mobile devices and our home (basically TV set-top boxes) business brings together two highly complementary and innovative organizations," said Jha. "Together we will be best positioned to lead in the convergence of mobility, media, and the Internet. Our expanding portfolio of smart phones and end-to-end video content delivery capabilities will enable us to provide advanced mobile media solutions and multi-screen experiences for our customers," Jha said.
Greg Brown, the other co-CEO, will head the remaining enterprise mobility and network businesses.