Mollenkopf Steps Down, Amon Appointed as a New Qualcomm CEO
Qualcomm CEO Steve Mollenkopf will step down from his role at the end of June after seven years at the helm. The current company president, Cristiano Amon, was chosen as his replacement. Mollenkopf informed the Board of his decision to retire as CEO following 26 years with the company. He will continue his employment with as a strategic advisor for a period of time.
Mollenkopf, 52, became CEO in March of 2014. He began his career as an engineer and, for nearly three decades, has helped define and lead Qualcomm’s strategy and technology roadmap. “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.
“Steve navigated through unprecedented circumstances during his tenure, facing more in his seven years as CEO than most leaders face in their entire careers,” said Mark McLaughlin, Chair of Qualcomm’s Board of Directors. “Under Steve’s leadership, the Company remained focused and created immense value for stockholders, inventing key technologies that are driving economic growth and improving lives.”
Amon, 50, has served as President since January 2018. In this role, he is responsible for Qualcomm’s semiconductor business. “I am honored to be named the next CEO of Qualcomm and appreciate the confidence that Steve and the Board have in me," said Amon. “I look forward to working with our 41,000 employees around the world to create technologies that revolutionize the way people live, work and connect with each other.”