Qualcomm Announces Leadership Change and Promotions
SAN DIEGO, Oct. 4, 2011 /PRNewswire-FirstCall/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that Steve Altman will become vice chairman, Steve Mollenkopf has been promoted to president & chief operating officer and Derek Aberle has been promoted to executive vice president & group president.
"I would like to congratulate all three gentlemen on their new positions and thank them for their many years of service to the Company. Their leadership has been instrumental in Qualcomm's success and I look forward to working with them in their expanded roles," said Dr. Paul E. Jacobs, chairman & CEO of Qualcomm.
The changes will be effective November 12, 2011. In his new role, Altman will continue as a member of Qualcomm's executive committee and provide direction and guidance on key initiatives across all areas of the business, as well as on overall vision and strategy. In his expanded role, Mollenkopf will oversee Qualcomm's divisions, business operations, and market expansion and development areas. He also will continue in his role as president of Qualcomm CDMA Technologies (QCT). Both Altman and Mollenkopf will continue to report to Dr. Jacobs. In addition to continuing to serve as president of the Qualcomm Technology Licensing (QTL) division, Aberle will oversee Qualcomm's core services businesses, as well as the standards and global marketing activities. He will report directly to Mollenkopf.
Over the past six years serving as Qualcomm president, and through his 22 years with the company, Steve Altman's leadership and contributions have helped enable the Company's successful growth, evolution and expansion. He has served as president of QTL and has been a member of the executive committee since 1992. Altman joined Qualcomm in 1989 and is the chief architect of the Company's licensing business model. He graduated from Northern Arizona University in 1983 with a bachelor's degree in criminal justice and received his Juris Doctor from the University of San Diego School of Law in 1986.
Steve Mollenkopf's outstanding technical and operational leadership, depth of business strategy and experience, strong focus on execution and exceptional customer focus make him ideally suited for the role of Qualcomm president & COO. He began his career at Qualcomm in 1994 as an engineer and joined the QCT team in 1999. Serving in various capacities within QCT, Mollenkopf's technical and business leadership have been critical to the development and implementation of multiple industry-leading innovations. Mollenkopf holds two electrical engineering degrees, including a BSEE from Virginia Tech and an MSEE from the University of Michigan at Ann Arbor.
Derek Aberle has provided exceptional leadership and oversight for all activities associated with Qualcomm's technology and IP licensing business, and, as a member of the executive committee, has helped to formulate and drive business strategies across the company. After representing Qualcomm as outside counsel for several years, Aberle joined Qualcomm in 2000. Prior to becoming president of QTL, he held several roles within QTL, including SVP & general manager. He has been instrumental to the success and growth of QTL, playing a leading role in structuring, negotiating and finalizing key license agreements with the Company's leading licensees. Aberle holds a bachelor's degree in business economics from the University of California, Santa Barbara. He also holds a Juris Doctor from the University of San Diego School of Law.
Qualcomm Incorporated (NASDAQ: QCOM) is the world leader in 3G and next-generation mobile technologies. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of wireless communications, linking people more closely to information, entertainment and each other. Today, Qualcomm technologies are powering the convergence of mobile communications and consumer electronics, making wireless devices and services more personal, affordable and accessible to people everywhere. For more information, visit Qualcomm around the Web:
Qualcomm is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
Tina Asmar, Corporate Communications
Warren Kneeshaw, Investor Relations
SOURCE Qualcomm Incorporated