Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced that Len Lauer, chief operating officer, has resigned and accepted a CEO role at another company.
This organizational change provides an opportunity to re-align Qualcomm's business groups. As a result, the Qualcomm MEMS Technologies (QMT) organization will now report to Steve Mollenkopf, EVP and president, Qualcomm CDMA Technologies (QCT). With the display business entering an important phase of expansion, close partnership with QCT will help QMT as they work with device manufacturers and tackle the challenges of commercializing, scaling and evolving the mirasol product line. All remaining services businesses will now report to Steve Altman, president.
“During the past three years, Len's leadership and expertise have helped Qualcomm expand business opportunities and further strengthen its relationships with operators and content providers. We are thankful to him for his service and wish him the best as he pursues new opportunities,” said Dr. Paul E. Jacobs, chairman and CEO, Qualcomm. “Steve Altman and Steve Mollenkopf have been invaluable in helping to guide Qualcomm's strategy and success and I am pleased to have such a capable and seasoned executive leadership team to ensure a seamless transition for our customers, our suppliers and our employees.”
Qualcomm Incorporated (Nasdaq: QCOM) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2009 FORTUNE 500® company. For more information, please visit www.qualcomm.com.
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