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Qualcomm names Mollenkopf as next CEO

Published December 13, 2013 10:29 am

This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

San Diego • Qualcomm says that long-time executive Steve Mollenkopf will become its CEO in March.

Mollenkopf, who has served as president and chief operating officer since October 2011, was named as CEO elect and will join the mobile device chipmaker's board. He will continue to serve as Qualcomm's president and officially become CEO on March 4 after the company's annual meeting.

At that time, current CEO Paul Jacobs will become executive chairman and help guide development of new technology.

Mollenkopf has held a variety of jobs during his nearly 20 years at the company, including leading its chipset business where he helped Qualcomm become the world's largest mobile chipset supplier and a leader in higher speed mobile Internet technology.

Qualcomm Inc. shares rose 23 cents to $72.96 in midday trading. Its shares had risen more than 17 percent through Thursday this year.