Motorola names replacement for outgoing CFO

Motorola announced Monday that David Devonshire has been hired to replace Carl Koenemann as the company's chief financial officer (CFO). Koenemann is retiring after spending 32 years at Motorola.

Devonshire, who will join Schaumburg, Illinois-based Motorola as executive vice president and CFO on April 8, has nearly 10 years of experience as a CFO, having served in that capacity at Ingersoll-Rand Co. and Owens Corning, the company said.