In Expanded Role, Jha Continues to Run Qualcomm Chip Business; 15-year Telecoms Vet Lauer Joins Company as EVP and Group PresidentSAN DIEGO
Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, today announced that, effective immediately, Dr. Sanjay K. Jha has been named chief operating officer and industry veteran Len J. Lauer has joined Qualcomm as a corporate executive vice president and as group president overseeing key divisions. As COO, Jha will now oversee Corporate Research and Development and Qualcomm Flarion Technologies (QFT), in addition to continuing as president of Qualcomm CDMA Technologies (QCT). Prior to being named COO, Jha was a Company executive vice president. As group president, Lauer will oversee Qualcomm Wireless Business Solutions, Qualcomm MEMS Technologies, Qualcomm Government Technologies and the Company's mobile TV subsidiary, MediaFLO USA. Lauer reports to Qualcomm president Steven R. Altman.
“Sanjay's technical expertise and many years of outstanding operational leadership of the chip business make him ideally suited for this new role,” said Dr. Paul E. Jacobs, Qualcomm chief executive officer. “Closely aligning current and future technology development activities under Sanjay among QCT, Corporate R&D and QFT will further strengthen Qualcomm's ability to continue to expand its business and deliver innovations and product solutions to market for the long-term future of wireless in an increasingly converged business landscape.”
In addition to leading the world's largest fabless semiconductor business, Jha's 10-plus years of contributions at Qualcomm include key engineering roles and the formation of Qualcomm Technologies & Ventures. As COO, Jha will enhance the collective ability of the management team to work in closer alignment on innovations that will be fully realized in the market as leading-edge wireless solutions for the Company's customers and partners.
“Len is a seasoned executive with a tremendous amount of leadership experience within the wireless industry,” said Altman. “His background and expertise provides Qualcomm with a valuable perspective on increasingly complex and competitive markets as he helps Qualcomm expand business opportunities and further strengthen its relationships with operators and content providers.”
Most recently, Lauer served as chief operating officer for Sprint Nextel where he directed all of the company's operations to deliver converged media and communication services. During 2006, he also served as the chairman of CTIA, the trade association for the U.S. wireless industry. Lauer joined Sprint in 1998 and held several executive leadership positions, including president and COO of Sprint Corporation and president of Sprint PCS. He also served as president of Sprint's Consumer Services Group, president of Sprint Business, and president of the Global Markets Group. Prior to joining Sprint, he was president and CEO of Bell Atlantic-New Jersey. Lauer also spent more than 10 years with IBM, holding a variety of management positions in marketing and sales.
Qualcomm Incorporated (www.qualcomm.com) 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 500 Index and is a 2006 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.
Except for the historical information contained herein, this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties materialize or the assumptions prove incorrect, the results of the Company and its consolidated subsidiaries may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements about the plans, strategies and objectives of management for future operations, any statements regarding management and organizational structure, any statements of expectation or belief, and any statement of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include disruptions in relationships with customers, suppliers and partners resulting from management transition, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 24, 2006, and most recent Form 10-Q.
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December 13, 2006December 13, 2006