The head of Motorola Inc.’s cell phone business resigned Friday, focusing new attention on a division whose performance has faltered after two years of success fueled by Razr handsets.
The company announced Ron Garriques’ departure in a terse news release just before Dell Inc., the world’s second-largest computer maker, named him president of a newly created global consumer division.
Motorola, based in Schaumburg, Illinois, declined to say whether Garriques was leaving as a result of the missed profit forecasts and acknowledged pricing errors that have caused the company to lose favor with investors and industry analysts.
New bosses
It named Ray Roman, senior vice president of global sales, and Terry Vega, senior vice president of global devices, as interim co-heads of the cell phone business.
Asked if Garriques was encouraged to leave, spokesman Paul Alfieri said: “All I can tell you is that he resigned and we did not make a counteroffer to retain him.”
Tags: Motorola