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Qualcomm Names Steve Mollenkopf CEO and President(Benzinga Lightning Feed Via Acquire Media NewsEdge) Qualcomm Incorporated (NASDAQ: QCOM) today announced that its Board of Directors has unanimously approved a succession plan for executive management of the Company. Effective December 12, 2013, Steve Mollenkopf was promoted to Chief Executive Officer-elect of Qualcomm, and appointed to its Board of Directors. He will continue to serve as the Company's President. Effective March 4, 2014, following the Company's 2014 Annual Meeting of Stockholders, Mollenkopf will become Chief Executive Officer. In this role, he will assume overall responsibility for Qualcomm, including all lines of business and all functional groups in the Company. On March 4, 2014, Dr. Paul E. Jacobs will assume the role of Executive Chairman, helping guide development of new technology and Qualcomm's long-term opportunities. "Qualcomm's board of directors is responsible for ensuring the continuity of the Company's senior leadership and that the executive team possesses the experience, skills and character required to achieve the Company's goals. With today's announcement, we enable a smooth transition to a proven executive in Steve Mollenkopf, while providing for ongoing executive guidance and Board-level leadership from Paul Jacobs. Qualcomm's See full press release (c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. |