Just several weeks after Google announced it was selling Motorola Mobility to Lenovo, Motorola's CEO, Dennis Woodside announced he's going to Dropbox.
Woodside will become the COO of Dropbox, which recently received a funding round of $350 million and is said to be valued at $10 billion.
See also: 10 Things You Didn't Know Dropbox Could Do
"Dennis and the team have reinvented Motorola, with wonderful products like Moto X and Moto G," Google CEO Larry Page told The Wall Street Journal. "I wish him all the best with his big new job at Dropbox." Page told the publication that Nikesh Arora and Jonathan Rosenberg will take over Woodside's duties.
Woodside, who joined Google in 2003, was most recently president-Americas for the company before becoming Motorola's CEO in May 2012. Woodside's tenure at the company included the launch of the Moto X — the first Motorola phone fully developed by Google. Motorola's business continued to falter, though, prompting the January sale. Revenues were $1.24 billion in Google's fourth quarter 2013 vs. $1.51 billion in the fourth quarter of 2012.
Meanwhile, Dropbox, despite its lofty valuation, appears to be suffering a sales slowdown. The company expected sales to hit $200 million last year, but it's not clear if the company will hit that target or if it's profitable.
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