Market Pulse Archives

Jan. 5, 2021, 8:18 a.m. EST

Qualcomm says CEO Mollenkopf will step down

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Qualcomm Inc. (QCOM)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Emily Bary

Qualcomm Inc. /zigman2/quotes/206679220/composite QCOM +2.90% announced Tuesday morning that its chief executive, Steve Mollenkopf, will be stepping down from his post on June 30. He'll be replaced as CEO by Cristiano Amon, the company's current president, who was unanimously selected by Qualcomm's board of directors. Mollenkopf took over the CEO role at Qualcomm in 2014 and he's served a 26-year stint with the company. Amon has served as Qualcomm's president for two years and he is responsible for the company's semiconductor, or QCT, business. Qualcomm said in its release that Mollenkopf will stay on as a strategic advisor for Qualcomm over an unspecified "period of time." Qualcomm shares have gained 71% over the past year as the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.14% has risen 14%.

/zigman2/quotes/206679220/composite
US : U.S.: Nasdaq
$ 141.10
+3.98 +2.90%
Volume: 13.15M
Feb. 24, 2021 4:00p
P/E Ratio
24.12
Dividend Yield
1.84%
Market Cap
$155.77 billion
Rev. per Employee
$573,927
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,925.43
+44.06 +1.14%
Volume: 2.78B
Feb. 24, 2021 5:20p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.