Motorola Mobility Director Resigns

William R. Hambrecht, who was put on Motorola Mobility Holdings Inc.'s board by activist investor Carl Icahn, has resigned his seat, leaving the mobile-device company with nine directors.

The departure came just two days after Motorola Mobility disclosed plans to be acquired by Google in a deal worth about $12.5 billion. Motorola said the resignation was effective immediately. Hambrecht said, "I am delighted with the transaction we entered into with Google, and I look forward to seeing the benefits and new opportunities this partnership creates."

(Aug 18)