Motorola Inc. has re-hired a senior executive to help lead its television set-top box business, which will be spun off into an independent company along with the mobile phone unit in the first quarter of next year.
Schaumburg-based Motorola said it has named Daniel Moloney president of Motorola Mobility, as the new company will be called. Moloney starts on Sept. 1 will oversee the Home business, as well as supply chain, information technology and government affairs.
Moloney was a Motorola veteran who left the company earlier this year to be president and chief executive officer of Technitrol, a Philadelphia-based maker of electronic components. He worked at Technitrol for just four months. Moloney said in a statement that he will stay on Technitrol’s board of directors.
At Motorola, Moloney was president of the company’s Home and Networks Mobility business. His portfolio shrank when Motorola restructured its units ahead of the planned separation and put Home with mobile devices, leaving Moloney with just the set-top box division.
Motorola is selling its Networks division to Nokia Siemens Networks in a $1.2 billion deal that is expected to close by year-end.
Moloney came to Motorola from General Instruments, a maker of set-top boxes that Motorola acquired in 2000. Moloney had been working at General Instruments since 1983.
