Posted: Friday, September 19, 2003 2:32 pm | Updated: 2:25 pm, Thu Oct 6, 2011.
CHICAGO - Motorola Inc. announced Friday that Christopher Galvin has decided to retire as chairman and chief executive.
Galvin informed the board of directors of his decision and has agreed to stay until a successor is named, Motorola said.
The Schaumburg, Ill.-based company, the world's No. 2 cell-phone manufacturer and a top semiconductor maker, has been struggling to regain its past dominance, with a fledgling recovery stalled by sluggish industrywide demand.
Posted in Money on Friday, September 19, 2003 2:32 pm. Updated: 2:25 pm.
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