Moto’s Moloney takes over at Technitrol
Dan Moloney will step down as president of Motorola’s Home business to become the CEO of Technitrol, which makes parts for manufacturers in wireless, military, automotive and other industries.
Moloney will take over from James Papada, who announced his retirement last fall after navigating the company through a downturn. Papada had been Technitrol’s board chairman since 1996 and its CEO since 1999.
Moloney’s departure from Motorola comes in the wake of that company’s announcement two weeks ago that it intends to try a different format to its planned spin-off, combining its Home & Network Mobility business with its mobile phone business. Moto is targeting the first quarter of 2011 for its planned separation.
The head of the mobile unit, Sanjay Jha, was named to run combined operations, effective as of the announcement.
Motorola's home business makes home networking equipment, TV set-top boxes, cellular network technology and other products for cable, telecommunications and wireless service providers.
Jha said, “I would like to thank Dan for his instrumental role in driving forward the decision to combine Motorola’s Mobile Devices and Home businesses.”
– The Associated Press contributed to this report