"We have to get the research into development and development into customers hands," Zander said.
At the analysts meeting, it was revealed that Zander was a prime candidate "right at the outset," as soon as the search committee began looking for a new chairman.
Zander listed five areas that played an important role in his decision to take the job: (1) Motorola is an important business icon; (2) due to its strength in communications, it has a huge market opportunity; (3) its strong research-and-development commitment produces "deep technology assets"; (4) the firm's strong "global brand"; and, (5) its "people" are a great resource.
The announcement was made Tuesday by Motorola, which had said the day before that the firm was weighing two candidates for the top job. The other candidate was Zafirovski, who had also sought the top job. Zafirovski will stay on as president and COO, the firm said. On Jan. 5, Zander will replace Galvin, whose grandfather and father before him had led Motorola.
Zander has been serving as a managing director of Silver Lake Partners, a private equity firm with a concentration in technology investments.
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