Dallas, Texas 12/23/2013 (FINANCIALSTRENDS) – QUALCOMM, Inc. (NASDAQ:QCOM) today declared that its directors has collectively sanctioned a succession proposal for executive management of the firm.
From December 12, Steve Mollenkopf has been promoted to CEO-elect of Qualcomm, and nominated to its Board of Directors. He will carry on serving as the Company’s President.
From March 4 next year, accompanying the firm’s 2014 yearly conference of investors, Mollenkopf will become CEO. In this new position, Mollenkopf will take up overall responsibility for the company, comprising all lines of biz and all purposeful groups in the firm. On March 4, next year, Dr. Paul E. Jacobs will take on the position of Executive Chairman, helping guide progress of novel technology and the company’s long-term chances.
Qualcomm Inc, the globe’s largest manufacturer of cellphone chips, suddenly named COO Steve Mollenkopf as CE, debarring the prospect he might be poached to run Microsoft Corp.
Steve had been in row to finally succeed chief executive officer Paul Jacobs, but that proposal got accelerated in order to keep the senior administrative from quitting, Jacobs added.
“Our executive directors are brilliant and really sought after,” Jacobs also stated.
Jacobs and Mollenkopf refused to specifically talk about Microsoft or whether Mollenkopf had a job offer from the globe’s biggest software firm, which is in search of an applicant to replace retiring chief executive officer Steve Ballmer.
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