Motorola Mobility CEO Dennis Woodside is leaving the company to take up a new position as Chief Operating Officer of cloud storage company Dropbox.
According to press reports, Woodside will step into Dropbox to provide oversight to grow the online file-hosting company's business even further, the report says.
Woodside (pictured), a 10-year executive at Google, became CEO at Motorola Mobility following its undertaking at Google in 2012. He will be leaving following the January announcement that Lenovo is buying Motorola from Google for $2.91 billion.
Dropbox is rumoured to be the next high-profile tech IPO, which Woodside could presumably help facilitate.
In a statement, Lenovo said they were aware of Woodside's appointment. ‘We are aware of this change, but we are absolutely committed to this acquisition, and remain completely confident in the Google and Motorola leadership team,’ a Lenovo spokesman said in an email to Reuters.