“Qualcomm Inc named its chief operating officer, Steve Mollenkopf, as its new chief executive, replacing Paul Jacobs, who has led the chip maker since 2005 and is son of the company’s co-founder,” Ben Fox Rubin reports for The Wall Street Journal.
“The move comes amid reports that Mr. Mollenkopf had been a possible contender to succeed Steve Ballmer as chief executive of Microsoft Corp.,” Rubin reports. “Qualcomm on Friday said it appointed Mr. Mollenkopf to the company’s board and promoted him to CEO-elect. He will take over the top management job at the company on March 4. That day, Mr. Jacobs will step down as CEO but keep his chairmanship, assuming the new role of executive chairman.”
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