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Moloney Back at Motorola

8/09/2010 12:01 AM Eastern

With Motorola’s
cable business facing a
7% dip in sales for the
year, the company has
pulled Dan Moloney
back into the fold.

Moloney will become
president of
Motorola Mobility effective
Sept. 1. He rejoins
the company less
than six months after
he left to become the
CEO of Philadelphia-area
electronic components
manufacturer
Technitrol.

In his new role, Moloney
will once again
oversee Motorola’s cable-oriented Home
business, which includes digital set-tops, digital video
recorders, cable modems and other video equipment, as
well as supply-chain, information-technology and government-affairs functions (see also Motorola Details Moloney's Pay Package).

He returns in the midst of an ongoing slump for Motorola’s
Home business: For the fiscal second quarter
ended July 3, 2010, sales in the segment were $886 million
— down 13% from the year-earlier period. That
comes after Home sales were off 21% for full-year 2009.
The group’s second-quarter 2010 operating earnings
were $29 million, up from $18 million in the same period
last year.

For 2010, Home sales are expected to decline by approximately
7%, which was at the top end of the company’s
previous guidance, Motorola Mobility CEO Sanjay
Jha said on the company’s second-quarter earnings call.
At the same time, he added, the group’s operating margin
is expected to increase “driven by a favorable product
mix and improvement in the cost structure.”

Prior to his CEO stint at Technitrol, Moloney was president
of Motorola’s Horsham, Pa.-based Home & Networks
Mobility unit. He departed in February after the
company announced a reorganization and a new plan to
split into two separate entities by the first quarter of 2011:
one that will merge mobile devices and Home (now referred
to as Motorola Mobility), and the other comprising
enterprise, government and public-safety business
units (Motorola Solutions).

In his new role, Moloney will report to Jha. As part
of his duties, Moloney will help prepare Motorola Mobility
for its launch as an independent, publicly traded
company.

“Dan’s operational expertise, strategic orientation and
strong customer relationships will help continue to position
Motorola Mobility for the convergence of mobility,
media, consumer computing and the mobile Internet,”
Jha said in a statement.

For his part, Moloney said: “I look forward to this exciting
opportunity and to working with Sanjay and Motorola
Mobility’s leadership team again. I am confident
that together we can capitalize on the opportunities
ahead as an independent public company.”

Moloney originally joined Motorola with its acquisition
of General Instrument in 2000.
He was put in charge of the combined Home & Networks
Mobility business in 2007 and prior to that, he was
president of the company’s Connected Home Solutions
business.

 

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