Steve Mollenkopf officially took on the role of CEO this morning at the company’s annual shareholders’ meeting and Dr. Paul Jacobs became Executive Chairman of the Board.
Welcoming Mollenkopf on stage, outgoing CEO Dr. Jacobs said, “[Steve’s] been at the company for over 20 years, he has an incredible track record, he’s played a critical role at the company in developing new technologies, has great relationships around the industry with our key partners… I have to say along with the rest of the management team I am really excited to work closely with Steve going forward.”
Mollenkopf’s new role, in which he will assume overall responsibility for Qualcomm, including all lines of business and all functional groups in the Company, was announced in December. As Executive Chairman of the Board, Dr. Jacobs will focus on developing new technology and Qualcomm’s long-term opportunities.
At the meeting, Mollenkopf outlined four key areas of focus moving forward:
- Wireless data challenges
- Adjacent markets
- Digital Sixth Sense