Motorola Appoints Edward J. Fitzpatrick Chief Financial Officer
SCHAUMBURG, Ill., Oct 29, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Motorola, Inc. (NYSE: MOT) today announced that Edward J. Fitzpatrick, senior vice president, has been appointed chief financial officer, effective immediately. Fitzpatrick has served as Motorola's acting CFO since February 2009.
Greg Brown and Sanjay Jha, co-chief executive officers of Motorola, stated, "Ed has made numerous contributions, including driving significant cost reduction actions and focusing the company on working capital improvements and cash flow generation. We are confident that Ed's broad finance experience and his deep knowledge of Motorola and its businesses, coupled with his proven track record of driving financial discipline and process improvements, will continue to benefit Motorola and its shareholders."
Fitzpatrick, 43, joined Motorola in 2000 and has served as acting chief financial officer since February 2009 and corporate controller since January 2009. Previously, he served as corporate vice president of finance for Motorola's Home & Networks Mobility business. Prior to that, he served as vice president and controller for the Networks & Enterprise and the Government & Enterprise Mobility Solutions businesses and controller for the Connected Home Solutions business. Prior to Motorola's acquisition of General Instrument Corporation, Fitzpatrick was assistant corporate controller at General Instrument. He began his career at Price Waterhouse, where he served as a senior manager.
Fitzpatrick received a master's degree in business administration from Wharton School of Business and holds a bachelor's degree in accounting from Pennsylvania State University. He also became a certified public accountant in 1990.
About Motorola
Motorola is known around the world for innovation in communications and is focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to high-definition video and mobile devices, Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile. Motorola (NYSE: MOT) had sales of US $30.1 billion in 2008.
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