Qualcomm is getting a brand new CEO: Cristiano Amon, who already serves as president for the corporate, will exchange Steve Mollenkopf, who took over as CEO in 2014. Amon has already served as the general public face of the corporate for a while, presiding over introductions of latest merchandise just like the Snapdragon 888, making him an apparent option to succeed Mollenkopf on the helm.
Mollenkopf’s tenure as CEO noticed Qualcomm face quite a few challenges: antitrust accusations, allegations of anticompetitive conduct, and a massive fight with Apple that noticed the 2 corporations sever their relationship (earlier than patching issues up in a settlement). However he additionally oversaw Qualcomm’s progress into the juggernaut it’s right now, one that just about utterly dominates the business for cellular processors.
“I’m honored to be named the subsequent CEO of Qualcomm and recognize the boldness that Steve and the Board have in me,” mentioned Amon in a press release. “Qualcomm is an unimaginable Firm. Now we have been on the forefront of innovation for many years and I stay up for sustaining this place going ahead. Along with driving the enlargement of 5G into mainstream gadgets and past cellular, Qualcomm is about to play a key position within the digital transformation of quite a few industries as our applied sciences grow to be important to connecting every little thing to the cloud.”
Amon is about to take the reins on June thirtieth, with Mollenkopf set to stay round as a “strategic advisor” for an unspecified period of time.