& 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?
Featured Video
From The Founder
The world of virtualization is struggling to wrench itself away from the claws of vendor lock-in, which runs counter to everything that NFV stands for.
Flash Poll
Upcoming Live Events
March 20-22, 2018, Denver Marriott Tech Center
March 22, 2018, Denver, Colorado | Denver Marriott Tech Center
March 28, 2018, Kansas City Convention Center
April 4, 2018, The Westin Dallas Downtown, Dallas
April 9, 2018, Las Vegas Convention Center
May 14-16, 2018, Austin Convention Center
May 14, 2018, Brazos Hall, Austin, Texas
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
Has Europe Switched to a Fiber Diet? Not Yet...
Ray Le Maistre, Editor-in-Chief, 2/15/2018
Will China React to Latest US Huawei, ZTE Slapdown?
Ray Le Maistre, Editor-in-Chief, 2/16/2018
Net Neutrality: States' Rights vs. the FCC
Mari Silbey, Senior Editor, Cable/Video, 2/13/2018
IBM, Microsoft Duke It Out Over Chief Diversity Hire
Sarah Thomas, Director, Women in Comms, 2/15/2018
5G: The Density Question
Dan Jones, Mobile Editor, 2/15/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed