Christopher B. Galvin, chairman and CEO of Motorola, announced his decision to retire as soon as a successor is appointed. Galvin has served for 36 years at Motorola, including the last six and a half years as chairman and CEO.
On behalf of the Motorola Board of Directors, Presiding Director John Pepper Jr. said, “Chris Galvin has led Motorola through one of the most challenging periods in its history and in the world economy, including the Asian currency crisis, the telecom boom and bust and a coincident semiconductor down cycle. Throughout this period, he restructured the company to position it to return to steady growth. Under his leadership and restructuring initiatives, the company has significantly strengthened its balance sheet, generated positive cash flow for 10 consecutive quarters, returned to profitability, strengthened the Motorola brand throughout the world and put in place a strong, new management team to lead the company forward.
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