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April 9, 2008 3:53 AM PDT
Motorola has named former AT&T Chief Executive David Dorman as its new chairman, the company said Wednesday.
Dorman will succeed outgoing Chairman Ed Zander on May 5, when Zander's current term expires and he retires. Dorman, 54, joined Motorola's board in 2006. He currently serves as a managing director and senior adviser at the private-equity firm Warburg Pincus.
Motorola will likely be getting some new board members at that meeting; private-equity executive William Hambrecht and Keith Meister, managing director of Icahn investment funds, will be nominated for Motorola's board at the shareholder meeting. That was part of a settlement with investor Carl Icahn, who had been involved in a squabble over the company's financial performance.
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