Paul Jacobs

Paul Jacobs to step down as Qualcomm CEO

The CEO at chip maker Qualcomm has stepped down from his role. Dr Paul Jacobs will assume the role of executive chairman at the firm and will help guide development of new technology. COO Steve Mollenkopf has been promoted to CEO-elect, president of the company and appointed to the board of directors. On March 4, following Qualcomm’s 2014 Annual Meeting of Stockholders, he will become CEO, replacing Jacobs.

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