Motorola Mobility Holdings, Inc. (NYSE: MMI) today announced the departure of William R. Hambrecht, 76, from the Company’s Board of Directors, effective immediately, after years of dedicated service. Following his departure, the Motorola Mobility Board of Directors will be comprised of nine members, eight of whom are independent.
“I want to thank Bill for his valuable service and guidance to Motorola and to Motorola Mobility,” said Sanjay Jha, chairman and chief executive officer, Motorola Mobility. “Bill played an instrumental role in the separation of Motorola into two independent publicly-traded companies, as well as in our recent milestone transaction with Google. On behalf of the entire Board of Directors, I wish Bill only the best.”
“It has been a privilege to serve on the Board of Directors of Motorola Mobility,” said William Hambrecht. “Motorola Mobility is an iconic company and I have truly enjoyed working closely with my fellow directors, Sanjay Jha and the entire senior leadership team. I am delighted with the transaction we entered into with Google, and I look forward to seeing the benefits and new opportunities this partnership creates.”