Press Release

Qualcomm Announces, Chief Financial Officer, George Davis, to Leave Company as of Today

Board of Directors Unanimously Approved the Appointment of David Wise as Interim CFO

Qualcomm Incorporated (NASDAQ: QCOM) today announced that George Davis has decided to leave the company after a six-year tenure, during which he served as CFO and was a member of Qualcomm’s Executive Committee. His departure is effective as of today. As part of the transition plan, Qualcomm’s Board of Directors have unanimously approved the appointment of David Wise, SVP and Treasurer, as interim CFO during the search for a permanent replacement. 

“On behalf of the Executive Team, I want to thank George for his dedicated service over the last six years at Qualcomm. We all wish him well in his future endeavors,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “I would also like to congratulate Dave Wise in this interim role as the Board of Directors commences a search for a permanent replacement.”

Wise joined Qualcomm in 1997 and has held a variety of roles in Finance, and Corporate Development and Strategy since that time. He has been part of the senior finance leadership team for more than 12 years. 

Wise is currently Senior Vice President and Treasurer, responsible for Qualcomm’s capital markets activities, treasury operations, global cash management and investment portfolio management.  Previously, Wise led Strategy and Corporate Development for Qualcomm’s non-semiconductor businesses and ran Corporate Finance for several years overseeing Qualcomm’s overall financial planning and analysis.  

Wise holds a B.A. degree in Economics from Bates College and an MBA from University of Virginia.

About Qualcomm

Qualcomm invents breakthrough technologies that transform how the world connects, computes and communicates. When we connected the phone to the Internet, the mobile revolution was born. Today, our inventions are the foundation for life-changing products, experiences, and industries. As we lead the world to 5G, we envision this next big change in cellular technology spurring a new era of intelligent, connected devices and enabling new opportunities in connected cars, remote delivery of health care services, and the IoT — including smart cities, smart homes, and wearables. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, the QCT semiconductor business. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.