After promotion, new Qualcomm CEO out of the Microsoft top-spot race

After promotion, new Qualcomm CEO out of the Microsoft top-spot race

Summary: New Qualcomm chief executive Steve Mollenkopf will take the reins on March 4 after his elevation to the chipmaker's leadership position.

TOPICS: Hardware, Microsoft
New Qualcomm chief executive Steve Mollenkopf (Image: Qualcomm)

Qualcomm has named Steve Mollenkopf as its new chief executive, the company announced Friday.

Mollenkopf, currently the chief operating officer, will replace Paul Jacobs, who remains the company's executive chairman, on March 4, 2014 when shareholders can approve the deal.

It comes just a day after the latest rumors that Mollenkopf could be a contender in the running to replace outgoing Microsoft chief executive Steve Ballmer, who announced earlier this year he would retire.

But considering the move, it's highly unlikely Mollenkopf will make the shift towards Redmond as Microsoft's new chief.

Others who have been named in the rumor mill to replace Ballmer include former Microsoft platform chief Paul Maritz, and Ford chief executive Alan Mulally.

Qualcomm is the world's largest mobile chipset supplier and describes itself as the leader in LTE technology. As chief operating officer, Mollenkopf will have intimate details of the company and its various businesses.

In prepared comments, he said: "Qualcomm’s focus on execution in product and technology development has helped to establish us as a leader in wireless with our partners." He added: "I look forward to working with our executive team and our employees in driving growth for our Company and the entire mobile ecosystem as it transitions to 4G and beyond."

Topics: Hardware, Microsoft

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  • Don't Understand MS

    When Steve Jobs stepped down he had a team in place that could take over the reigns. Steve Ballmer is now stepping down, where's the succession plan?? I can't believe they are looking outside the company. This is an act of desperation. MS was clearly not prepared for Ballmer stepping down. I don't know why they imposed a 1 year deadline because at the rate they are going Ballmer will be there for a while.

    Whoever the new CEO is, is gonna have to introduce themselves to their new comrades and they may or may not get along. It may or may not be a great fit. I admit Ballmer has made mistakes in mobile but MS is falling into the old adage, "Get rid of him" without answering the question: "who is better than Ballmer?"

    Right now MS doesn't have an answer for that question and it has got me baffled. Don't throw your coach under the bus unless you've got something better waiting in the wings. You now have a lame duck CEO who knows his future with the company is short term and nobody has to listen to him cause he'll be gone anyways. Every passing day is a day wasted with a leaderless ship.