Who is the new Chief Financial Officer and what is their background?

Paul J. Liska has been appointed as the new Executive Vice President and Chief Financial Officer, effective March 1, 2008. He has prior experience as an Industrial Partner for private equity firms, Executive Chairman at WRC Media, Inc., and President of Credit and Financial Products at Sears Roebuck and Co.

What is Paul J. Liska's compensation package?

Mr. Liska's compensation includes an annualized base salary of $750,000, a $400,000 sign-on bonus, a target annual incentive of 95% of base salary (guaranteed at least 50% of target for 2008), target awards under the Long Range Incentive Plan (LRIP) of 150% of base pay, and substantial stock options and restricted stock units.

What happens to the previous Acting CFO, Thomas J. Meredith?

Thomas J. Meredith, who had been serving as Acting Chief Financial Officer, will continue his involvement with the company as a non-management member of the Board of Directors.

What are the key equity grants for the new CFO?

Mr. Liska receives a grant of 583,000 non-qualified stock options, 728,000 market-based stock options with tiered vesting based on stock price performance, and 131,000 restricted stock units vesting in three years, plus an additional 131,000 restricted stock units vesting in thirty and sixty months.

MSI 8-K: Leadership Changes

Summary

Motorola Solutions, Inc. (MSI) filed an 8-K on February 26, 2008, to announce a significant change in its executive leadership. Paul J. Liska has been appointed as the new Executive Vice President and Chief Financial Officer (CFO), effective March 1, 2008. Mr. Liska brings a diverse background, including experience with private equity firms and previous roles at Sears Roebuck and Co. and WRC Media, Inc. This appointment marks a shift as Thomas J. Meredith, who had been serving as Acting CFO, will transition to a non-management role on the Board of Directors.

Key Highlights

1Appointment of Paul J. Liska as EVP and CFO, effective March 1, 2008.
2Thomas J. Meredith will move from Acting CFO to a non-management Board Director role.
3Mr. Liska's compensation package includes a base salary of $750,000.
4Significant equity awards granted to Mr. Liska, including 583,000 stock options and 728,000 market-based stock options.
5Restricted stock units (RSUs) totaling 262,000 granted to Mr. Liska, with staggered vesting schedules.
6Defined severance provisions for Mr. Liska in case of involuntary termination for reasons other than 'Cause', with benefits increasing after March 1, 2010.
7The press release announcing the appointment is included as an exhibit.

Motorola Solutions, Inc. 8-K Report, Executive Changes (Feb 27, 2008)

Summary

Key Highlights

Frequently Asked Questions