Irwin Jacobs to Retire from Qualcomm Board

Irwin Jacobs to retire from Qualcomm's board of directors

December 20, 2011

1 Min Read

SAN DIEGO -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that Dr. Irwin Mark Jacobs will complete his current term on Qualcomm's Board of Directors and will retire from the Board at the 2012 annual stockholder meeting. In recognition of Dr. Irwin Jacobs' exceptional achievements with the Company, the Board has conferred upon him the title of Founding Chairman and CEO Emeritus, effective upon conclusion of his Board service at the annual meeting.

"When we first started Qualcomm, I told my wife Joan that, if we were lucky, we might grow to 100 employees," said Dr. Irwin Jacobs. "We clearly have surpassed that. I am immensely proud of the company we have built, its more than 22,000 employees, and the impact Qualcomm has made on the telecom industry and the lives of mobile users worldwide. I leave knowing that Qualcomm's strong management team and technical roadmap will ensure the Company's continuing success."

"As a father, university professor and business leader, Irwin inspired generations of engineers, including me, to think beyond what is possible today and pursue the technology breakthroughs of tomorrow," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "Qualcomm's business model and culture of innovation are due to Irwin's vision and leadership. He continues to inspire all of us here at Qualcomm as we pioneer the next generation of mobile technologies. On behalf of all of our employees around the globe, we thank Irwin for his leadership, creativity, enthusiasm and integrity."

Qualcomm Inc. (Nasdaq: QCOM)

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