Motorola CEO to Step Down this January

Here's some surprising news. Motorola, after a year of troubles, has announced that its chief executive Ed Zander will step down next year, January 1st. After the "sharp decline" of the business, the company is finding ways, whether through personnel or innovations, to try and stem the tide. After heading the company for some time, Zander will be replaced by president and chief operating officer Greg Brown.

Zander however will not be totally out of the picture as he will remain chairman until the company's shareholders meeting in May 2008.

Statements from Zander reports that he planned this move and this is what he wanted to do. A decision he made and not something that was made for him.