Last month Lenovo announced that it will buy Motorola’s handset business from Google for around $3 billion. Dennis Woodside, who became Motorola Mobility’s CEO when the search engine giant acquired the company, announced that he is now leaving the company.
The Private cloud storage firm Dropbox Inc named CEO of Motorola Mobility, as its first Chief Operating Officer. Dropbox is a 6-year-old Silicon Valley startup expected to go public sometime this year. It secured $250 million from a fund managed by BlackRock Inc and other investors recently in a new funding round that valued the company at almost $10 billion.
Woodside’s term at the company included the launch of the Moto X — the first Motorola phone developed by Google. The revenues of Motorola were $1.24 billion in fourth quarter of 2013, while $1.51 billion in the fourth quarter of 2012. Woodside was unable to boost Motorola’s mobile business, which ultimately lead to the Lenovo sale.
Jonathan Rosenberg, the previous head of product management at Google, will be appointed as the Chief Operating Officer of Motorola handset division with responsibility for everyday management. Nikesh Arora, Google’s Chief Business Officer, will continue as an Executive Chairman of the Motorola Operating Board.
Woodside joining Lenovo doesn’t make much sense, either for the new owners of Motorola or for Woodside himself. At Dropbox, he can become part of the new technology of what could become the next big tech giant.