Sorry, Microsoft: Qualcomm Elevates Mollenkopf to Chief Exec-Elect

Mollenkopf to take over as Qualcomm's CEO in March

   

Sorry, Microsoft: Qualcomm Elevates Mollenkopf to Chief Exec-Elect

Qualcomm (QCOM), a global semiconductor company, announced on Friday, that COO Steve Mollenkopf will become the company’s CEO in March.

QualcommLogo Sorry, Microsoft: Qualcomm Elevates Mollenkopf to Chief Exec ElectMollenkopf, who has been with Qualcomm for almost 20 years, will replace Paul Jacobs as the company’s CEO on March 4. Jacobs, who has been Qualcomm’s CEO since 2005, will remain with the company as its executive chairman, reports CNBC.

This announcement knocks one more candidate off of Microsoft’s (MSFT) list as it looks for a replacement for retiring CEO Steve Ballmer, CNBC notes.

Microsoft is down to only a few candidates to take over Ballmer’s place in the company. One of these candidates is Ford Motor (F) CEO Alan Mulally, who is a close friend of Ballmer’s. Mulally hasn’t commented on whether or not he would take the position if it’s offered to him, but he did say that he loves working with Ford. The committee searching for Ballmer’s replacement has given itself 12 months (it was formed in August) to find one, but hopes to have a replacement by the end of the year, reports Reuters.


Article printed from InvestorPlace Media, http://investorplace.com/2013/12/sorry-microsoft-qualcomm-elevates-mollenkopf-chief-exec-elect/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.