Verizon's President Babbio to retire in first quarter
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Verizon Communications Inc  said on Monday its Vice Chairman and President Lawrence Babbio has said he would retire at the end of the first quarter next year.
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Motorola Inc. on Wednesday said its No. 2 officer, who had been passed over for the chief executive post, will resign at the end of January to seek a top spot with another company.
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Vodafone veteran John Townsend has been named CFO of Verizon Wireless. Townsend replaces outgoing CFO Andy Halford, who is moving to the post of chief financial director at Vodafone.
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Freescale Semiconductor Chairman and CEO Michel Mayer will leave his posts as soon as a replacement is found, the company said Friday.&quot;The time is right for me and my family to take some time off before exploring new challenges. The company is well positioned to continue its transformation,&quot; Mayer said in a statement.Freescale officials didn&#39;t respond to requests for comment.Mayer led the company when it spun off from Motorola&#39;s semiconductor group and went public in 2004. He also played a role in Freescale&#39;s buyout by four private equity firms in 2006 for $17.6 billion. The equity firms included The Blackstone Group, The Carlyle Group, Permira Funds and Texas Pacific Group.However, the company has been struggling financially, posting a loss of $525 million on sales of $1.54 billion in the fourth quarter of 2007. For 2007, the company reported a loss of $1.6 billion on net sales of $5.7 billion. Freescale&#39;s sales totaled $6.36 billion in 2006.The company&#39;s key customer remains Motorola, to which it sells chips for wireless handsets, networking infrastructure and other devices such as set-top boxes. Motorola, which is struggling financially and saw a management shakeup in recent months, is considering spinning off its handset business. Ed Zander announced in December that he would step down as Motorola&#39;s CEO.
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Linear Technology Corp., a maker of linear integrated circuits that transform analog signals into digital form, said Wednesday that chief executive Bob Swanson will shift to a new role after 23 years to become executive chairman.
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John Selvaggio, the president of Delta Air Lines&#39; low-cost carrier, Song, has retired, effective immediately, for personal reasons, a Delta spokeswoman said on Friday.
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Motorola Inc. will cut 1,000 jobs worldwide and take a charge of $50 million for severance benefits, officials said Tuesday. Motorola is completing a spinoff of its chip operations, now operating independently
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The wireless-infrastructure leader is connected to a profitable future.
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The head of the FBI's Criminal Cyber Response and Services Branch is joining Verizon as CSO next year.
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(InfoWorld) - Verizon Wireless Inc. President Denny Strigl has been promoted to president and chief operating officer of parent company Verizon Communications Inc., the company announced Tuesday. The chief operating officer position at Verizon Communications is a new one, and Strigl will report to Verizon Chairman and Chief Executive Officer Ivan Seidenberg beginning Jan. 1, the company said. Strigl will have responsibility for all of Verizon's network-based businesses, Verizon Wireless, Verizon Telecom and Verizon Business as well as Verizon Services Operations, which provides financial, real estate and other services to the company. Verizon Vice Chairman and President Lawrence Babbio Jr. announced Dec. 11 that he planned to retire by the end of the first quarter of 2007. Lowell McAdam, currently executive vice president and chief operating officer at Verizon Wireless, will take over as president and chief executive officer of Verizon Wireless. Independent telecom analyst Jeff Kagan called the Strigl promotion a "good move." Under Strigl, Verizon Wireless has offered excellent products and posted strong financial results, Kagan said in an e-mail. "Moving forward, the wireless business will continue to be a stand-alone provider of wireless services, but it will increasingly offer services as part of a larger bundle," Kagan added. "Verizon is growing and changing quickly as the industry does, focusing more on broadband and wireless services for growth." Separately, Verizon Communications named John Stratton, currently vice president and chief marketing officer for Verizon Wireless, to the newly created position of executive vice president and chief marketing officer, responsible for the marketing of all Verizon's business units. Shaygan Kheradpir, currently chief information officer for Verizon Telecom, has been named to the newly created position of executive vice president and chief information officer, responsible for the information technology initiatives of all Verizon's business units. McAdam, Stratton and Kheradpir will report to Strigl, effective Jan. 1. The revised management structure will allow Verizon to focus more effectively on opportunities to grow and strengthen the business, the company said in a press release. As chief operating officer, Strigl will provide a single point of accountability for all business units. Babbio will continue to report to Seidenberg, and he will help with the management transition.
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Mitchell Baker has stepped down as the CEO of Mozilla Corporation, where she helped make the Firefox Web browser a potent rival to Microsoft&#39;s Internet Explorer.Baker is handing over the CEO job to John Lilly, Mozilla&#39;s chief operating officer, who becomes responsible for pushing out the updates to Firefox and Mozilla&#39;s Thunderbird e-mail software, the company announced Monday. Baker will retain her role as chairman and stay active within the group, she said.Baker has been with Mozilla since its inception. She was an attorney with Netscape Communications in the late 1990s when it created the Mozilla Organization, and she stayed with the group after AOL bought Netscape and helped to create the Mozilla Foundation in 2003.Since then the open-source browser has built a worldwide market share of about 15 percent, according to estimates, and as high as 30 percent in some European markets. Mozilla says it now has 125 million Firefox users worldwide.In a blog posting Monday, Baker said she&#39;d been thinking for some time about the best way to use her time and about which of her duties could be handled equally well by someone else. Those duties, it turns out, are the day to day management of Mozilla&#39;s software, while Baker sees a wider role for herself in improving the Web experience for end-users.&quot;I have a vision of the Internet and online life and a positive user experience -- and of Mozilla&#39;s role in creating these -- that is far broader than browsers, e-mail clients and even technology in general,&quot; she wrote.She said she&#39;ll focus on efforts to make the Web standards process more effective, make security &quot;understandable enough that people can protect themselves,&quot; and encourage more &quot;hybrid&quot; organizations like Mozilla -- &quot;organizations which serve the public benefit but support themselves through revenue rather than fund-raising.&quot;&quot;I want Mozilla&#39;s influence on the industry to go beyond the bits we ship as software. More particularly, I want to use the impact Firefox gives us in the market to get openness, collaboration and user control embedded in other products, services and aspects of online life,&quot; she wrote.Lilly, her replacement, will be focused on getting the next version of Mozilla&#39;s Web browser, Firefox 3, out of the door. He also wants to be more open about how Mozilla operates and how it will support itself in the future. &quot;I&#8217;d like us to start talking more in public about how the future looks for Mozilla,&quot; he wrote on his blog.Baker remains chairman of both the Mozilla Foundation, the non-profit side of the project, and the Mozilla Corporation, which was formed a few years ago to help raise funds and manage product releases.&quot;I&#39;ve been involved in shipping Mozilla products since the dawn of time, and have no intention of distancing myself from our products or [Mozilla Corporation,]&quot; Baker wrote.
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U.S. mobile operator Sprint Nextel has appointed Dan Hesse as president and CEO. He replaces Gary Forsee, who resigned in October.
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WASHINGTON (CBS.MW) -- Motorola plans to eliminate 1,000 jobs in connection with the spinoff of its semiconductor unit. Free! Sign up here to receive our Weekly Roundup e-Newsletter!
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Insert your own wisecrack about using your cell phone on airplanes: Boeing has announced that their next CIO hails from Verizon Wireless. John Hinshaw will replace the retiring Scott Griffin.
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Google Inc said on Tuesday that  George Reyes plans to retire as chief financial officer by the  end of the year, and that the company will begin a search for a  replacement.
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The president and chief executive of French auto group PSA Peugeot Citroen, Jean-Martin Folz, intends to retire in the first quarter of next year, the company has said.
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The president of Verizon Communications, Lawrence T. Babbio Jr., will step down by the end of the first quarter of 2007.