Summary
Motorola Solutions, Inc. (MSI) has filed an 8-K report detailing a significant leadership transition. Mark S. Hacker, Executive Vice President, General Counsel, and Chief Administrative Officer, will step down from his active role on February 1, 2023, and retire on December 31, 2023. Mr. Hacker will continue to support the company in an advisory capacity during this transition period, with no changes to his compensation. His departure appears to be for personal reasons, with no reported disagreements. In conjunction with Mr. Hacker's retirement, the company's Compensation and Leadership Committee has approved additional service credit for equity award vesting calculations, ensuring pro-rata treatment under the Long Range Incentive Plan. Furthermore, MSI announced the appointment of Mr. James A. Niewiara and Ms. Karen E. Dunning to the management Executive Committee, effective February 1, 2023, reflecting the company's ongoing talent management and succession planning efforts.
Key Highlights
- 1Mark S. Hacker, EVP, General Counsel & Chief Administrative Officer, is stepping down from his active role on February 1, 2023, and will retire on December 31, 2023.
- 2Mr. Hacker will remain with the company in an advisory capacity to ensure a smooth transition, with no change in his compensation.
- 3Mr. Hacker's retirement is for personal reasons, and there are no disagreements between him and the company.
- 4The Compensation and Leadership Committee approved additional service credit for Mr. Hacker to ensure pro-rata vesting of equity and Long Range Incentive Plan (LRIP) awards.
- 5James A. Niewiara, Senior Vice President, General Counsel, has been appointed to the management Executive Committee.
- 6Karen E. Dunning, Senior Vice President, Human Resources, has also been appointed to the management Executive Committee.
- 7These appointments are part of the company's ongoing talent management and succession planning initiatives.