After months of speculation, Motorola has named Sanjay Jha CEO of its ailing mobile devices division. Jha will also be co-CEO of Motorola, sharing the responsibility with Greg Brown. 

Jha, a well-known wireless industry executive, was considered a rising star at Qualcomm where he was the firm's COO. He joined Qualcomm in 1994. Len Lauer, Qualcomm's executive vice president and group president, will replace Jha as COO.

Analysts responded favorably to the news. Avian Securities Analyst Matt Thornton said that establishing new leadership in Motorola's handset business should help improve morale and slow the exodus of talent in the ailing division. In addition, Jha's experience will likely prove valuable as he tries to turn the unit around.

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