Motorola Mobility CEO to join Dropbox ahead of Lenovo deal

Thu Feb 13, 2014 12:44pm IST

Motorola Mobility Chief Executive Dennis Woodside talks during the worldwide presentation of the Moto G mobile phone in Sao Paulo November 13, 2013. REUTERS/Nacho Doce/Files

Motorola Mobility Chief Executive Dennis Woodside talks during the worldwide presentation of the Moto G mobile phone in Sao Paulo November 13, 2013.

Credit: Reuters/Nacho Doce/Files

Related Topics

Stocks

   

REUTERS - Private cloud storage company Dropbox Inc plans to name Google Inc(GOOG.O) executive Dennis Woodside, CEO of Motorola Mobility, as its first Chief Operating Officer.

Jonathan Rosenberg, the former head of product management at Google, will be appointed as the Chief Operating Officer of Motorola Mobility with responsibility for day-to-day management, according to two sources familiar with the matter.

Nikesh Arora, Google's Chief Business Officer, will remain Executive Chairman of the Motorola Operating Board, overseeing strategy, the sources said.

Dropbox and Google declined to comment.

Lenovo, which bought Motorola Mobility for $2.9 billion in January, said they were aware of Woodside's appointment, which was earlier reported by the Wall Street Journal.

"We are aware of this change, but we are absolutely committed to this acquisition, and remain completely confident in the Google and Motorola leadership team," a Lenovo spokesman said in an email to Reuters.

The deal is awaiting regulatory approvals, including from the Committee on Foreign Investments in the United States to ensure it does not threaten national security.

Dropbox, the 6-year-old Silicon Valley startup many expect to go public sometime this year, is taking advantage of flush investors and skyrocketing valuations for fledgling tech companies.

Dropbox secured $250 million from a fund managed by BlackRock Inc (BLK.N) and other investors last month in a new funding round that valued the company at almost $10 billion.

(Reporting by Narottam Medhora; Editing by Supriya Kurane)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Launch Ahead

Reuters Showcase

Cost-Cutting

Cost-Cutting

Yahoo set to outline cost-cutting efforts - WSJ.  Full Article 

New on Twitter

New on Twitter

Twitter lets users stream music, audio via SoundCloud tie-up.  Full Article 

Cyber Crime

Cyber Crime

"Malvertising" targets US military firms in new twist on old web threat   Full Article 

Encrypted Phones

Encrypted Phones

U.S. FBI director warns that new phone encryption could thwart probes  Full Article 

eBay Business

eBay Business

PayPal spinoff seen critical for eBay amid e-commerce weakness  Full Article 

Uber Fined

Uber Fined

French court fines Uber car service 100,000 euros  Full Article 

'Robotic Eyes'

'Robotic Eyes'

Helps Japan's bipedal bot run faster.  Video 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage