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

TECH DEAL

A view of Microsoft and Nokia signs in Peltola, Oulu July 16, 2014. Microsoft Corp said on Thursday it would cut up to 18,000 jobs, or about 14 percent of its workforce, as it halves the size of its recent Nokia acquisition and trims down other operations. REUTERS/Markku Ruottinen/Lehtikuva

Microsoft to use Opera browser on low, mid-market phones

Microsoft has agreed to install Opera Software's Internet browser on low and mid-market mobile phones it inherited from Nokia, potentially putting Opera Mini on another 100 million phones year.  Full Article 

Reuters Showcase

Photo

Privacy Violation

Class action against Facebook attracts 60,000 users.  Full Article 

Taxi to Space

Taxi to Space

Boeing says completed key design review for space taxi.  Full Article 

PayPal Unit

PayPal Unit

EBay considering PayPal spinoff - report.  Full Article 

Hack Alert

Hack Alert

FBI warns healthcare companies they are targeted by hackers .  Full Article 

Reuters India Mobile

Reuters India Mobile

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