Active Stocks
Mon Mar 18 2024 15:55:53
  1. Tata Steel share price
  2. 149.60 5.69%
  1. Tata Motors share price
  2. 972.20 2.75%
  1. ITC share price
  2. 417.40 -0.51%
  1. State Bank Of India share price
  2. 730.70 -0.18%
  1. ICICI Bank share price
  2. 1,082.00 0.32%
Business News/ Companies / People/  Motorola chief Dennis Woodside departs for Dropbox
BackBack

Motorola chief Dennis Woodside departs for Dropbox

Woodside says he is leaving Motorola to become chief operating officer at the online storage firm Dropbox

Dennis Woodside confirmed his departure in a blog post, saying he would leave Motorola at the end of March. Photo: ReutersPremium
Dennis Woodside confirmed his departure in a blog post, saying he would leave Motorola at the end of March. Photo: Reuters

San Francisco: The head of Google-owned maker Motorola, Dennis Woodside, announced Thursday he is leaving the smartphone maker to become chief operating officer at the online storage firm Dropbox.

The news comes just two weeks after Google Inc. said it was selling the Motorola unit to China’s Lenovo Group Ltd for $2.9 billion.

Google senior vice president Jonathan Rosenberg will take up the post of Motorola chief operating officer on April 1.

The shift follows unconfirmed reports that Dropbox has filed for an initial public offering under a law that allows emerging companies to keep financial data confidential until just before the IPO.

Such a move would put Dropbox and the growing business of online storage into the spotlight and likely give the group hefty valuation. A recent funding round valued the California firm at some $10 billion, according to The Wall Street Journal.

Woodside confirmed his departure in a blog post, saying he would leave Motorola at the end of March.

“In the last 18 months, Motorolans have built two of the company’s best-loved phones ever, introduced customization to the industry, brought unprecedented quality and performance to a value-priced smartphone, and created experiences that changed how people use and interact with their smartphones," Woodside said.

“I’m excited about what the next chapter in Motorola’s storied history will bring under the new ownership of Lenovo. While Google imbued simplicity and software sensibility into the company, Lenovo will bring it the scale it deserves."

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 14 Feb 2014, 09:26 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie