Wednesday, May 14, 2008

UIQ Technology appoint Chairman of the Board

UIQ Technology today announced that Dr. Colin Tucker has been appointed to the position of Non-Executive Independent Chairman of the Board of Directors of UIQ Technology. Other members of the board come from UIQ's owners, Sony Ericsson and Motorola. Dr. Tucker has previsouly held executive positions at a number of mobile companies including Orange and Hutchison.


The UIQ Board's role is to advise the UIQ management team and continually assess the company's financial standing and contribute to strategic developer on behalf of its parent companies. An Independent Chairman is desirable in order to promote stability in the ownership of UIQ Technology.

When Sony Ericsson bought UIQ Technology from Symbian and, subsequently, when Motorola became a joint shareholder, there was an emphasis on good corporate governance and a clear ownership structure. The intention of both Sony Ericsson and Motorola is to keep equal shareholdings between current and future shareholders. This is probably a reflection on a desire to avoid complications similar to those that have resulted from the fragmented ownership of Symbian.

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