Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and data solutions, today announced that Derek Aberle has been promoted to executive vice president and president of Qualcomm Technology Licensing (QTL). Marv Blecker has decided to reduce his day-to-day management responsibilities, become a part-time Qualcomm employee, and step down from his current position as executive vice president and president of QTL. Blecker will continue to work on the Company's strategic licensing partnership efforts.
“I congratulate Derek on his promotion and am pleased to ensure a seamless transition for our licensees,” said Steve Altman, president of Qualcomm. “He will be an asset to our senior leadership team. During the past eight years, Derek has significantly contributed to QTL's success by expanding Qualcomm's licensing program, effectively collaborating across Qualcomm's divisions and building strong relationships with many of our licensees.”
“Marv has been instrumental in the expansion of our licensing business and I thank him for his significant contributions. With his vision and exceptional leadership, the team has continued to enhance our industry-leading licensing model promoting healthy competition and growth in the wireless marketplace, while generating impressive revenues and earnings for the Company,” said Altman.
Aberle joined Qualcomm in 2000 after supporting the Company as outside counsel for several years. Most recently, Aberle served as senior vice president and general manager within QTL. In that role, he was responsible for managing QTL's business development, finance, audit, compliance and contract management functions. During that time, Aberle played a key role in negotiating and finalizing new agreements with many of our leading licensees, including Ericsson/Sony Ericsson, LGE, Motorola, Nokia and Nortel. Aberle holds a bachelor's degree in business economics from the University of California, Santa Barbara and a law degree from the University of San Diego.
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 2008 FORTUNE 500® company. For more information, please visit www.qualcomm.com.
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 Qualcomm 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, licensees and partners resulting from management transition as well as the other risks detailed from time to time in Qualcomm's SEC reports, including the report on Form 10-K for the year ended September 30, 2007, and most recent Form 10-Q.