Report: Motorola may hire Notebaert
Wall Street Journal says Qwest boss is candidate for CEO
By Jeff Smith
Rocky Mountain News
Friday, July 13, 2007
Will Qwest CEO Dick Notebaert's retirement be short-lived?
The Wall Street Journal reported Thursday that Notebaert is
being discussed as a possible successor to Motorola Chairman and
CEO Ed Zander, who is under fire amid a weak financial
"As you know, it's strictly rumor and speculation, and we
wouldn't comment on that," Qwest spokesman Nick Sweers said.
"Dick is still CEO of Qwest, and the last time I looked,
Motorola still has a chairman and CEO as well."
Notebaert, who turns 60 this month, announced his retirement
last month but said he will run Qwest until his successor is
named. Sweers said the Qwest board is reviewing candidates and
hopes to announce a new chief executive officer by Oct. 1.
"Dick is retiring," Sweers said, reiterating previous comments
by Notebaert. "He wants to spend more time with his
grandchildren, and (his new position as) chairman of the Notre
Dame board of trustees is going to require a lot of his time."
The Motorola speculation has been fueled in part by the fact
that Notebaert was widely reported to be a top finalist for the
job won by Zander in late 2003. Notebaert also has ties to the
Midwest, where Motorola is based.
"I think he is retiring, but he might be tempted (by a possible
opportunity at Motorola) because that's a Chicago-based
company," said telecommunications analyst Donna Jaegers of Janco
Partners in Greenwood Village. "I know he wants to be back in
But Jaegers added that taking such a job also would "sort of
blow his excuse for leaving Qwest."
Notebaert owns an apartment in Chicago and a house nearby in
Wisconsin. Before coming to Qwest in June 2002, he ran
Illinois-based Tellabs Inc., a telecommunications equipment
smithje@RockyMountainNews.com or 303-954-5155