Motorola CEO fails to make company profitable, leaves to become Dropbox COO

Motorola CEO and long-time Google employee Dennis Woodside is leaving the company for Dropbox.

This news comes at a hectic time for the two companies in question. Motorola, still new to Google, was sold last month to Lenovo for a low $2.91 billion. As for Dropbox, the company recently raised a $350 million round of funding at a jaw-dropping $10 billion valuation.

It’s not clear if Woodside left Motorola voluntarily, although his new role is certainly noteworthy; at Dropbox he will serve as the company’s first chief operating officer.

Woodside’s performance at Motorola further complicates this move. While his Moto X initiative received moderate praise, Woodside failed to steer the company to profitability — despite cutting prices across the board.

Now a Dropbox chief, Woodside faces a difficult task: He must help CEO Drew Houston expand rapidly into enterprise and mobile under the weight of gargantuan expectations.