Motorola Names Osterloh COO Ahead of Lenovo AcquisitionBrian Womack
Google Inc.’s Motorola Mobility named product management executive Rick Osterloh as president of the unit ahead of Lenovo Group Ltd.’s planned acquisition of the handset business.
Osterloh, who also worked at videoconferencing service Skype, assumes the role today, Motorola said on its site. He will report to Motorola’s operating board until the planned $2.91 billion purchase by Lenovo is complete.
“Rick’s had a key role in the company’s reinvigoration,” the company said on the blog. “He’s been a guiding visionary on the entire product front and a passionate advocate for our philosophy to focus everything we do on the consumer experience.”
The company is getting new leadership after Motorola reported falling sales as it lags market leaders such as Apple Inc. and Samsung Electronics Co. The proposed deal would create the world’s third-largest smartphone vendor.
“Rick has a strong track record of success and delivering outstanding innovation for customers,” Lenovo said in an e-mailed statement. “We’re confident in his ability to not only manage a smooth transition at Motorola from Google to Lenovo but also to lead the business forward for continued growth.”