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Motorola (MOT Quote) made further changes to its board of directors Wednesday, announcing the election of the former chief of AT&T (T Quote) as its new nonexecutive chairman.
The Schaumburg, Ill., handset maker said that David Dorman will succeed prior Motorola CEO Ed Zander as chairman of the board. Zander, who had fallen out of favor with shareholders such as billionaire investor Carl Icahn, will retire from the post after completing his term at Motorola's annual shareholder meeting on May 5. Greg Brown is now Motorola's CEO.
Shares of Motorola were unchanged at $9.49, but are down more than 40% on the year. ...
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