Paul Jacobs to hand Qualcomm reins to Steve Mollenkopf effective March 4

Qualcomm today announced that its board of directors has unanimously approved Steve Mollenkopf CEO-elect of Qualcomm, and appointed to its board. He will continue to serve as the company’s president. Effective March 4, 2014, Mollenkopf will become CEO and in this role, he will assume overall responsibility for Qualcomm, including all lines of business and all functional groups in the company. On that date, current CEO Paul E. Jacobs will assume the role of executive chairman, helping guide development of new technology and Qualcomm’s long-term opportunities. Jacobs has been CEO of Qualcomm for nine years.

In his nearly 20 years at Qualcomm, Mollenkopf has held a variety of leadership positions including leading the chipset business (QCT), successfully driving innovation and record growth. Under his leadership, Qualcomm became the world’s largest mobile chipset supplier and the global leader in LTE technology.

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