Motorola has appointed its senior vice president Edward J. Fitzpatrick as chief financial officer of the company, effective immediately. Skip related content
Fitzpatrick joined Motorola in 2000 and has served as acting CFO since February 2009 and corporate controller since January 2009. He also worked as corporate vice president of finance at Motorola’s Home & Networks Mobility business. Before that, he worked as vice president and controller at the Networks & Enterprise and the Government & Enterprise Mobility Solutions businesses and controller at the Connected Home Solutions business.
Prior to Motorola’s acquisition of General Instrument Corp, he was assistant corporate controller at General Instrument. He began his career at Price Waterhouse, where he served as a senior manager.
Greg Brown and Sanjay Jha, co-chief executives at Motorola, said: "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."
Motorola reported a net income of $22m for the third quarter 2009, compared to a net loss of $391m in the year-ago quarter. Revenue declined 27% to $5.45bn.
