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Qualcomm names new CEO, Mollenkopf to retire
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Qualcomm has announced that Cristiano Amon will become its new CEO, with current CEO Steve Mollenkopf retiring later this year.
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Amon, who is currently president of the San Diego-based semiconductor company, has worked at the company since 1995. Mollenkopf will remain a strategic advisor to the company following his June 30 retirement, the company added in a statement.
"I am immensely proud of all that we have accomplished at Qualcomm and the position the Company currently enjoys as the world's leader in wireless technologies," Mollenkopf said in the statement. "With our business model clearly validated and our leadership in 5G, this is the right time for Cristiano to assume leadership of the Company and preside over what I see as the single largest opportunity in the Company's history."