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Qualcomm announces leadership changes and promotions, elects Stephen Bennett to board of directors
August 4, 2008
SAN DIEGO -- Qualcomm Incorporated (Nasdaq: QCOM) announced today that Dr. Sanjay Jha, chief operating officer and president of Qualcomm CDMA Technologies (QCT), is leaving Qualcomm and will become co-CEO of Motorola, Inc. and CEO of Motorola Mobile Devices. Len Lauer, executive vice president of Qualcomm and group president, is promoted to chief operating officer and Steve Mollenkopf, executive vice president of QCT, is promoted to president of QCT. In addition, Jim Lederer was recently promoted to executive vice president of business planning and finance for QCT.
"Sanjay's leadership has been instrumental in growing QCT into the number one wireless semiconductor supplier," said Dr. Paul E. Jacobs, CEO of Qualcomm. "I'd like to personally thank Sanjay for his many years of service for Qualcomm and look forward to continuing to work with him in his role at one of Qualcomm's key customers. I wish Sanjay the best in his new position. I congratulate Len, Steve and Jim on their promotions. I am pleased to have such a capable and seasoned executive leadership team to ensure a seamless transition for our customers, our suppliers and our employees. Len's extensive knowledge of the wireless industry, his strong operational experience, and his relationships with our customers makes him the right choice for COO. Steve is the ideal person to succeed Sanjay as president of QCT given his central role in creating QCT's product roadmap, his strong technical background, and his extensive experience in the semiconductor industry. And I'm pleased to recognize the role Jim has played in leading QCT's business operations and finance functions from its earliest days. The convergence of wireless and the Internet is creating a wide array of exciting opportunities, and with this team, Qualcomm is ideally positioned to extend our leadership position."
In a separate release:
SAN DIEGO -- Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, today announced the election of Stephen M. Bennett to its Board of Directors. Bennett brings more than 30 years of financial and business expertise, including serving as CEO of Intuit, Inc. and holding several key executive positions at General Electric Company.
"We are pleased to welcome Steve Bennett as a member of Qualcomm's Board of Directors," said Dr. Irwin Mark Jacobs, chairman of Qualcomm. "His proven leadership, operational expertise and background in financial services should prove highly valuable to both board and management and is especially significant given Qualcomm's entrance into the emerging mCommerce global marketplace and the evolution of mobile banking."
Qualcomm Inc. (Nasdaq: QCOM)
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