& cplSiteName &

Qualcomm Promotes President to CEO Role

Sarah Thomas
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        ADD A COMMENT
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.
Sarah Thomas
50%
50%
Sarah Thomas,
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.
Sarah Thomas
50%
50%
Sarah Thomas,
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.
Sarah Thomas
50%
50%
Sarah Thomas,
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 :)
Sarah Thomas
50%
50%
Sarah Thomas,
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?!? 
Sarah Thomas
50%
50%
Sarah Thomas,
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?
From The Founder
NFV's promises of automation and virtualization are intriguing, but what really excites service providers is the massive amount of money they could save.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
Women in Comms Introduction Videos
VMWare VP Brings Women Up With Her

8|16|17   |   6:49   |   (1) comment


It's an art and a science to make mentorship, inclusive leadership, diversity and promotion of high-potential women work, says Honore' LaBourdette, vice president of Global Market Development at VMWare.
LRTV Documentaries
5G Spectrum Wars – The Recap

8|15|17   |   2:22   |   (0) comments


Service provider 3 has filed a lawsuit against Ofcom over 5G spectrum auction in the UK.
LRTV Custom TV
Say What? Facebook Unleashes AI Anarchy – The Recap

8|7|17   |     |   (0) comments


A recap of the week's talking points on Light Reading's sister site, telecoms.com. Facebook AI programmers had a bit of a brain-fade as they allowed one of its AI applications to invent its ...
Women in Comms Introduction Videos
Fujitsu's Women Band Together to Help Girls Do STEM

8|2|17   |   9:35   |   (1) comment


Supporting women both inside and outside of Fujitsu is a top priority of the telecom vendor. Yanbing Li, Fujitsu Network Communication's director of System Software Development & Delivery, shares why it's important, but why there's still a long road ahead.
LRTV Custom TV
If You're Not First, You're Last – The Recap

7|31|17   |   08:18   |   (1) comment


In case you missed it, Amazon's 1% stock increase helped Jeff Bezos dethrone Bill Gates as the richest man in the world. Also, Taiwanese electronics manufacturer
Women in Comms Introduction Videos
AT&T's Tech President Preps Workforce for the Future

7|26|17   |   5:47   |   (10) comments


AT&T is focused on the software-defined network of the future and is reskilling its workforce to get ready too, according to AT&T's President of Technology Development Melissa Arnoldi.
Women in Comms Introduction Videos
Cisco: Mentoring Critical to Attract & Retain Women

7|19|17   |   6:40   |   (1) comment


Liz Centoni, senior vice president and general manager of Cisco's Computing System Product Group, shares why mentoring in all its forms is important for women and what Cisco is doing that's made a difference for women in tech.
LRTV Custom TV
Gigabit LTE With Snapdragon 835

7|12|17   |     |   (1) comment


At an event in Wembley stadium, EE used its live network to demonstrate gigabit LTE using a Sony Xperia XZ Premium smartphone with a Qualcomm Snapdragon 835 chip.
LRTV Custom TV
Implementing Machine Intelligence With Guavus

7|12|17   |     |   (0) comments


Guavus unites big data and machine intelligence, enabling many of the the largest service providers in the world to save money and drive measureable revenue. Learn how applying Machine Intelligence substantially reduces operational costs and in many cases can eliminate subscriber impact, meaning a better subscriber experience and higher NPS.
LRTV Custom TV
Unlocking Customer Experience Insights With Machine Intelligence

7|12|17   |     |   (0) comments


When used to analyze operational data and to drive operational decisions, machine intelligence reduces the number of tasks which require human intervention. Guavus invested in Machine Intelligence early. Learn about the difference between Machine Learning and Machine Intelligence.
Women in Comms Introduction Videos
Verizon VP Talks Network, Career Planning

7|12|17   |   4:49   |   (0) comments


Heidi Hemmer, vice president of Technology, Strategy & Planning at Verizon, shares how bold bets and the future of tech define her career.
Telecom Innovators Video Showcase
Masergy's NFV Journey

7|11|17   |     |   (0) comments


Ray Watson, vice president of global technology at Masergy, discusses the advantages and challenges in entering the still-maturing NFV market for the past three years.
Upcoming Live Events
September 28, 2017, Denver, CO
October 18, 2017, Colorado Convention Center - Denver, CO
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 30, 2017, The Westin Times Square
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Intel CEO Leaves Trump Biz Advisory Board
Dan Jones, Mobile Editor, 8/15/2017
Are Cord-Cutting's Days Numbered?
Alan Breznick, Cable/Video Practice Leader, Light Reading, 8/14/2017
Analyst Nolle: Fundamental Errors Plague NFV
Carol Wilson, Editor-at-large, 8/11/2017
Snapchat Misses Estimates, Eyes Reality Shows
Aditya Kishore, Practice Leader, Video Transformation, Telco Transformation, 8/11/2017
Verizon Video Woes Pile On
Mari Silbey, Senior Editor, Cable/Video, 8/14/2017
Like Us on Facebook
Twitter Feed
Animals with Phones
We Know a Tough Day When We See One Click Here
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.