Qualcomm Elects Former Ambassador Randt to Board of Directors
SAN DIEGO, Oct. 7, 2013 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced the election of elected former Ambassador to the People's Republic of China (2001-2009) Clark Randt to its Board of Directors. Randt brings more than 30 years of experience as a diplomat, attorney and businessman who has a comprehensive understanding of Chinese industries and businesses, and he currently serves as the president of Randt & Company LLC.
"We are fortunate to welcome Ambassador Randt as a member of Qualcomm's Board of Directors," said Dr. Paul E. Jacobs, chairman and chief executive officer of Qualcomm. "As China remains a key emerging region, his extensive background in working with China's government and businesses will provide invaluable insight to Qualcomm's board as we look to further expand the Company's footprint in the country's rapidly growing and evolving wireless ecosystem."
Clark Randt's longstanding career has spanned a number of roles. In his current role, he provides strategy consulting services to clients that are developing business in China. From July 2001 to January 2009, Randt was U.S. Ambassador to the People's Republic of China where he worked on improving the political, economic and cultural relationship between the U.S. and China. Prior to this, he was a partner at Shearman & Sterling where he served as head of China practices and was a member of the firm's mergers and acquisitions and corporate finance groups. While at Shearman & Sterling, he played a key role in direct investment in China by advising U.S. companies on how to invest in China and further helping Chinese firms to list on U.S.-based stock exchanges. Randt previously held a number of additional government-affiliated positions, including: First Secretary and Commercial Attaché at the U.S. Embassy in Beijing; the China representative of the National Council for United States-China Trade; and served in the U.S. Air Force Security Service.
Clark Randt is currently a member of the New York and was admitted to the Hong Kong Bar Associations and a board member of Valmont Industries and United Parcel Service. He earned a Bachelor of Arts degree from Yale University and received his law degree from the University of Michigan. He also attended Harvard Law School where he was awarded the East Asia Legal Studies Traveling Fellowship to China.
About Qualcomm Incorporated
Qualcomm Incorporated (NASDAQ: QCOM) is the world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm's website, OnQ blog, Twitter and Facebook pages.
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Emily Kilpatrick, Corporate Communications
Warren Kneeshaw, Investor Relations
SOURCE Qualcomm Incorporated