Microsoft has poached one of Qualcomm's top executives, confirming on Tuesday that Peggy Johnson will be joining the Seattle-based company.
Johnson had been with Qualcomm Inc. (Nasdaq: QCOM) for the past 24 years, most recently as the executive vice president of Qualcomm Technologies Inc. and president of global market development. She will be joining Microsoft Corp. (Nasdaq: MSFT) as its executive VP of global business development, reporting to CEO Satya Nadella, on Sept. 1, to head up the company's work with "key customers, strategic innovation partners, OEMs, key accounts, third-party publishers and industry influencers."
Microsoft just got done with a huge round of cuts, mostly affecting the Nokia staffers that joined with the acquisition. The tech giant is working to carve out a market for Windows Phone and position itself as a leader in smartphones -- a tough task in an already well-established ecosystem. Johnson is one of new CEO Nadella's first new hires. He says she will "help drive new growth in mobility and the cloud." (See Microsoft to Axe 12,500 Ex-Nokia Employees and Expect Further Cuts at Microsoft Devices – Analyst.)
Johnson is a high-profile loss for Qualcomm, the first C-level exit since Steve Mollenkopf -- who was once rumored to be a Microsoft CEO candidate -- took over as new CEO at the end of last year. (See Qualcomm Promotes President to CEO Role.)
— Sarah Reedy, Senior Editor, Light Reading