Motorola Names Paul J. Liska Chief Financial Officer

Motorola, Inc. has announced that Paul J. Liska has been named executive vice president and chief financial officer (CFO) of Motorola, effective March 1, 2008. Mr. Liska will report directly to Greg Brown, president and chief executive officer. Tom Meredith, the company’s acting CFO will continue as a non-management board member and will work closely with Mr. Liska to ensure a smooth transition.

Brown stated, “Since appointing Tom Meredith as acting CFO, we have undertaken a thorough search process to identify candidates with financial, operational and strategic experience.  We are fortunate that Paul has such a broad set of general management and CFO experience.  Paul will be a very valuable addition to our team and he is well-suited to drive forward the important work already underway to enhance our financial performance.”

Brown added, “On behalf of the board and the management team, I want to thank Tom for his significant contributions over the last year. He has played an important role in improving Motorola’s cash conversion cycle and cost structure.   The changes implemented under Tom’s leadership have helped position Motorola for renewed success. I am pleased that Tom will help through this key transition period.”

Prior to joining Motorola, Mr. Liska served as an industrial partner for various private equity firms including MidOcean Partners, CVC Capital Holdings and Ripplewood Holdings LLC. From 2004 to 2006, Mr. Liska served as executive chairman of US Freightways until its purchase by Yellow Roadway Corporation and served in various capacities with Weekly Reader Companies, including executive chairman. From 2001 to 2004, Mr. Liska held several positions with Sears, Roebuck and Co., including president of credit and financial products and executive vice president and chief financial officer. Prior to joining Sears, Mr. Liska was executive vice president and chief financial officer of The St. Paul Companies from 1997 to 2001.