December 9, 1996 6:35 PM ET
Motorola's Staiano to become Iridium CEO
By Margaret Kane
Edward Staiano, general manager of Motorola Inc.'s General Systems Sector, has retired from that company and will take an executive position at Iridium LLC in January.
Staiano will serve as vice chairman and CEO of Iridium, the private consortium that plans to operate a global wireless communications network. Iridium has so far raised $2.65 billion to fund implementation of the system. Motorola is the prime contractor for the network and the largest investor in Iridium.
The Schaumburg, Ill., company also announced that Jack Scanlon, executive vice president and general manager of the Cellular Infrastructure Group, will become president and general manager of the Cellular Networks and Space Sector, a new group that will include Cellular Infrastructure, Network Management and Space and System Technology Group. Those groups were formerly part of the General Systems Sector.
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