Qualcomm announced that its Board of Directors has unanimously selected Cristiano Amon to succeed Steve Mollenkopf as CEO, effective June 30, 2021. Mollenkopf informed the Board of his decision to retire as CEO following 26 years with the Company. Amon, who has worked at Qualcomm since 1995, is currently President of the Company. Mollenkopf will continue his employment with the Company as a strategic advisor for a period of time.
Mollenkopf, 52, became CEO in March of 2014. He began his career as an engineer and, for nearly three decades, has helped define and lead Qualcomm’s strategy and technology roadmap. His work helped propel smartphones into the mainstream and made Qualcomm a leader in 3G, 4G and now 5G, and he also oversaw the expansion into new industry segments such as the Internet of Things (IoT), RF Front End, and Automotive.
He was also instrumental in the Company’s rise as a smartphone technology supplier. In addition, Mollenkopf successfully guided the Company through a number of extraordinary circumstances and challenges and begins the CEO transition process with the Company stabilized and well-positioned to continue to grow and drive value.
“Steve navigated through unprecedented circumstances during his tenure, facing more in his seven years as CEO than most leaders face in their entire careers,” said Mark McLaughlin, Chair of Qualcomm’s Board of Directors. “Under Steve’s leadership, the Company remained focused and created immense value for stockholders, inventing key technologies that are driving economic growth, and improving lives.”
Amon, 50, has served as President, Qualcomm Incorporated since January 2018. In this role, he is responsible for Qualcomm’s semiconductor business (QCT), which includes Mobile, RF Front End, Automotive, and IoT revenue streams, and the Company’s global operations. Amon has driven the expansion and diversification of the business across industries and customers, overseen Qualcomm’s 5G strategy, and for almost 15 years has been steering the development of a leading and differentiated product roadmap. Amon has also overseen the successful execution of M&A to augment Qualcomm’s capabilities and accelerate growth in key areas, including RF Front End, Connectivity, and Networking. Amon joined Qualcomm in 1995 as an engineer and has held several business and technical leadership positions throughout his tenure with the Company.