Electronic components manufacturer Technitrol on Monday named Dan Moloney, who previously ran Motorola's Home & Networks Mobility unit, to be its new CEO.
Moloney is expected to join Philadelphia-based Technitrol at the end of March. He will replace James Papada III, who is retiring pursuant to a plan announced to the board in 2008.
Moloney departs Motorola after that company announced a reorganization under which it expects to split into two separate companies by the first quarter of 2011: one that will merge mobile devices and the cable-oriented Home business, and the other comprising its wireless networking and enterprise units. Under that plan, Moloney was to have gone back to running Motorola's Horsham, Pa.-based Home division and report to Sanjay Jha, previously head of the Mobile Devices division, who was named CEO of Motorola's newly created Mobile Devices and Home businesses.
"Dan Moloney is a wonderful addition for Technitrol," Papada said in a statement. "We believe that he has the vision and experience to leverage our company's solid market positions and take us to new levels of growth and profitability. Dan is a tested veteran of electronics business cycles, with a long and successful track record of driving performance improvement and leading organizations through periods of transition and rapid technological change."
Technitrol produces electronic components, electrical contacts and assemblies and other parts and materials for manufacturers in the wireless and wireline communications, military/aerospace, automotive and electrical equipment industries.
Motorola had put Moloney in charge of the combined Home & Networks Mobility business in 2007. Prior to that he was president of the company's Connected Home Solutions business, which developed communication and entertainment technologies for cable and telco operators. He joined Motorola with its acquisition of General Instrument in 2000.
