Google has completed its $12.5bn acquisition of Motorola Mobility, with the manufacturer's CEO Sanjay Jha stepping down.
Dennis Woodside, who was in charge of integration planning for the acquisition and is a former president of Google's America region, is the new CEO of the business. Jha will continue to work with Google to ensure a smooth transition.
Google said it will run Motorola Mobility as a separate business and confirmed its Android operating system would remain open. It said: 'The acquisition will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing.' Google bought the manufacturer for its extensive range of patents. It has 17,000 existing patents and 7,500 patent applications. The takeover, which was agreed in August 2011, had been subject to regulatory approval worldwide.
Google CEO Larry Page said: 'I’m happy to announce the deal has closed. Motorola is a great American tech company, with a track record of over 80 years of innovation. It’s a great time to be in the mobile business, and I’m confident that the team at Motorola will be creating the next generation of mobile devices that will improve lives for years to come.
'Sanjay Jha, who was responsible for building the company and placing a big bet on Android, has stepped down as CEO. I would like to thank him for his efforts and am tremendously pleased that he will be working to ensure a smooth transition as long-time Googler Dennis Woodside takes over as CEO of Motorola Mobility.
'I’ve known Dennis for nearly a decade, and he’s been phenomenal at building teams and delivering on some of Google’s biggest bets. Dennis has always been a committed partner to our customers and I know he will be an outstanding leader of Motorola – and he’s already off to great start with some very strong new hires for the Motorola team.'
Woodside added: 'Motorola literally invented the entire mobile industry with the first-ever commercial cell phone in 1983. Thirty years later, mobile devices are at the centre of the computing revolution. Our aim is simple: to focus Motorola Mobility’s remarkable talent on fewer, bigger bets, and create wonderful devices that are used by people around the world.'
Editor: Graeme Neill