Motorola Gets a New Chief Financial Officer
Motorola has names a former private equity and retailing executive, Paul J. Liska as its new chief financial officer (CFO) and executive vice president. Mr. Liska will report directly to Greg Brown, president and chief executive officer. Tom Meredith, the company's acting CFO will continue as a non-management board member and will work closely with Mr. Liska to ensure a smooth transition.
Brown stated, "Since appointing Tom Meredith as acting CFO, we have undertaken a thorough search process to identify candidates with financial, operational and strategic experience. We are fortunate that Paul has such a broad set of general management and CFO experience. Paul will be a very valuable addition to our team and he is well-suited to drive forward the important work already underway to enhance our financial performance."
Brown added, "On behalf of the board and the management team, I want to thank Tom for his significant contributions over the last year. He has played an important role in improving Motorola's cash conversion cycle and cost structure. The changes implemented under Tom's leadership have helped position Motorola for renewed success. I am pleased that Tom will help through this key transition period."
Posted to the site on 22nd February 2008