Light Reading
Current President Steve Mollenkopf will take over as CEO in March; current CEO Paul Jacobs to stay on as chairman.

Qualcomm Promotes President to CEO Role

Sarah Reedy
12/13/2013
50%
50%

Qualcomm President and COO Steve Mollenkopf will take over the CEO role on March 4 of next year, replacing the chipmaker's current CEO Paul Jacobs, who will stay on as executive chairman, the company announced Friday.

Mollenkopf has been with Qualcomm Inc. (Nasdaq: QCOM) for nearly 20 years, holding leadership roles in the company's chipset division. He was key in securing Qualcomm's biggest acquisition ever, the $3.1 billion purchase of Atheros, and in helping it became the world's largest mobile chipset supplier. He becomes the CEO-elect, effective yesterday, but will take over official duties in March following the company's annual shareholder meeting. (See Qualcomm Buys Atheros.)

The timing of the appointment is peculiar: As recently as 12 hours ago, Mollenkopf had been cited as a potential candidate for Microsoft Corp. (Nasdaq: MSFT)'s chief executive position. (See Will Elop Return Without the Crown?)

Jacobs has served as CEO of Qualcomm for the past nine years. As chairman, the company says he will continue to guide the development of new technologies and long-term opportunities. That might include the company's Toq smartwatch, which he said in September was his pet project. (See Watch Out! Qualcomm's Got a Wearable Device and Qualcomm to Offer Toq Smartwatch.)

Under Jacobs's tenure, the company has become the leader in LTE chipsets. Its Snapdragon 800 is the first to support global roaming and LTE-Advanced carrier aggregation, and, earlier this week, it introduced the Snapdragon 410 processor, which will bring LTE to sub-$150 smartphones in emerging markets. (See New iPhones Use Old Qualcomm LTE Chips and LG's G2 Is Ready for LTE-Advanced.)

— Sarah Reedy, Senior Editor, Light Reading

(9)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
Kruz
50%
50%
Kruz,
User Rank: Light Sabre
12/16/2013 | 10:05:37 AM
Re: Weird timing...
They have just started to show positive figures in the mobile world and the company needs a strong and agile CEO more than any time before. Threat from competitors in its core businesses have never been so high.
SarahReedy
50%
50%
SarahReedy,
User Rank: Blogger
12/16/2013 | 9:35:52 AM
Re: Weird timing...
Yeah, he could win by default. Sounds like Microsoft employees are just itching for a decision sooner rather than later: http://allthingsd.com/20131216/will-microsoft-name-its-ceo-before-the-new-year-weary-microsoft-employees-hope-for-even-sooner/?mod=atd_homepage_carousel
Kruz
50%
50%
Kruz,
User Rank: Light Sabre
12/16/2013 | 9:31:52 AM
Re: Weird timing...
Indeed, seems like the list of potential candidates for MSFT's CEO is just shrinking. Elop might again be a winner here.
SarahReedy
50%
50%
SarahReedy,
User Rank: Blogger
12/16/2013 | 9:20:44 AM
Re: Weird timing...
Well that's certainly true, and I don't think he got the job because of that or that it even came directly from him (maybe his camp?). Either way, the timing was quite odd -- just hours apart!
Kruz
50%
50%
Kruz,
User Rank: Light Sabre
12/13/2013 | 12:20:40 PM
Re: Weird timing...
I doubt Mollenkopf would do that. It would look bad and Qualcomm would not want to have him as CEO for that.
SarahReedy
50%
50%
SarahReedy,
User Rank: Blogger
12/13/2013 | 11:48:51 AM
Re: Uplinq
haha, not to say that Jacobs hasn't been instrumental to the success of Qualcomm, but I did get the impression at Uplinq that he was taking on pet projects like the Toq watch, not focusing on core Qualcomm businesses. Chairman will be a great role for him.
MordyK
50%
50%
MordyK,
User Rank: Light Sabre
12/13/2013 | 11:46:50 AM
Re: Uplinq
Those weighty decisions are now being handled by the executive chairman the teh CEO can focus on the company :)
SarahReedy
50%
50%
SarahReedy,
User Rank: Blogger
12/13/2013 | 10:00:04 AM
Uplinq
I didn't realize Paul Jacobs was looking to leave (or being asked to vacate) the CEO spot. My biggest concern is, who will pick the bands for the Uplinq show now?!? 
SarahReedy
50%
50%
SarahReedy,
User Rank: Blogger
12/13/2013 | 9:59:19 AM
Weird timing...
So what do we think, was the timing of the Microsoft CEO rumors just a coincidence, or did Mollenkopf's people let that little rumor slip to secure his job as Qualcomm CEO?
Flash Poll
From The Founder
It's clear to me that the communications industry is divided into two types of people, and only one is living in the real world.
LRTV Interviews
CenturyLink: Building the Case for NFV

12|19|14   |   02:14   |   (0) comments


At the 2020 Vision Executive Summit, James Feger, VP, Network Strategy & Development at CenturyLink, talks about how the US operator is approaching virtual network functions from an operational and business case perspective.
LRTV Interviews
Liberty Global Sees Business Goldmine

12|18|14   |     |   (0) comments


Steen Sorensen, VP of business services for Liberty Global, explains where the giant international MSO sees growth potential.
LRTV Documentaries
EE: The Road to 5G

12|16|14   |   16:02   |   (1) comment


Andy Sutton, the principal network architect at UK mobile operator EE, explains how his company is using Wembley stadium as a wireless test bed and how that's helping EE to plan the evolution to 5G.
LRTV Huawei Video Resource Center
Highlights of Huawei's NFV Open Cloud Forum 2014

12|16|14   |     |   (0) comments


Huawei hosted its inaugural NFV Open Cloud Forum during the SDN & OpenFlow World Congress 2014 in Düsseldorf, Germany. The Forum brought together technology thought leaders, senior executives and telecom professionals from global carriers, industry associations, as well as other partner companies in the ecosystem, to exchange views on and collectively explore how ...
LRTV Custom TV
Realizing Operators' Digital Vision

12|16|14   |   5:23   |   (0) comments


Leveraging technology is fundamental to digital transformation but understanding customers and serving them really well is at the heart of digital businesses. TM Forum lists the following as the strategic pillars of the digital business: business agility and rapid innovation, operational agility and effectiveness, IT and data centricity, plus customer centricity. ...
LRTV Documentaries
US Cellular Injects Analytics Into LTE

12|16|14   |   2:57   |   (1) comment


US Cellular's Mario Vela explains how the operator uses analytics for network planning and what comes next as the carrier looks to eke more value out of its metrics.
LRTV Interviews
How Cox Biz Plans to Keep Growing

12|15|14   |     |   (2) comments


Steve Rowley, SVP of Cox Business, details how the third-biggest US MSO intends to boost its revenues to $2 billion and beyond over the rest of the decade
LRTV Huawei Video Resource Center
Interview With Bill Zhang, Director of SoftCOM Product Management, Huawei

12|15|14   |   2:50   |   (0) comments


Bill Zhang elaborated on Huawei's open philosophy in NFV solution development and network architecture design at the SDN & OpenFlow World Congress 2014.
LRTV Huawei Video Resource Center
Event Highlights: Huawei at SDN & OpenFlow World Congress 2014

12|15|14   |   3:43   |   (0) comments


Huawei joined the 2014 SDN & OpenFlow Congress as one of the key sponsors and contributors. At the event, Huawei reinforced the openness and flexibility of its network infrastructure strategies, and provided updates on its SDN and NVF innovations. Through participations at the exhibitions, forums and speeches, Huawei encouraged the industry to "think bigger and ...
LRTV Interviews
How Cable Biz Services Hit $10B Mark

12|12|14   |     |   (1) comment


Cable operators reached $10 billion in annual business services revenues by delving deeper into their vertical markets and expanding beyond the smallest firms.
LRTV Documentaries
Mediacom Aims to Test Connected Tractors

12|11|14   |   05:07   |   (3) comments


Cable business service provider is taking its services to the 'agribusiness' sector in partnership with farm equipment specialist John Deere and is getting involved in Gigabit Cities developments.
LRTV Interviews
TWC Business Looks Beyond $3B

12|10|14   |     |   (0) comments


TWC Business Services chief Phil Meeks explains how his unit has reached $3 billion in annual revenues and what its plans are for next year.
Upcoming Live Events
February 10, 2015, The Westin Peachtree Plaza, Atlanta, GA
March 17, 2015, The Cable Center, Denver, CO
April 14, 2015, The Westin Times Square, New York City, NY
May 6, 2015, McCormick Convention Center, Chicago, IL
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 9-10, 2015, Chicago, IL
Hot Topics
T-Mobile, BlackBerry Flirt With Reuniting
Sarah Reedy, Senior Editor, 12/17/2014
1-Gig: Coming to a Small Town Near You
Jason Meyers, Senior Editor, Gigabit Cities/IoT, 12/17/2014
Comcast Launches 4K Streaming Service
Alan Breznick, Cable/Video Practice Leader, 12/18/2014
US Carriers, You're Going to Cuba!
Mitch Wagner, West Coast Bureau Chief, Light Reading, 12/18/2014
T-Mobile Lights Up 27 Wideband LTE Cities
Sarah Reedy, Senior Editor, 12/15/2014
Like Us on Facebook
Twitter Feed
Webinar Archive