Qualcomm is getting a new CEO: Cristiano Amon, who already serves as president for the company, will replace Steve Mollenkopf, who took over as CEO in 2014. Amon has already served as the public face of the company for some time, presiding over introductions of new products like the Snapdragon 888, making him an obvious choice to succeed Mollenkopf at the helm.
Mollenkopfâ€™s tenure as CEO saw Qualcomm face numerous challenges: antitrust accusations, allegations of anticompetitive behavior, and a massive fight with Apple that saw the two companies sever their relationship (before patching things up in a settlement). But he also oversaw Qualcommâ€™s growth into the juggernaut it is today, one that nearly completely dominates the industry for mobile processors.
â€œI am honored to be named the next CEO of Qualcomm and appreciate the confidence that Steve and the Board have in me,â€� said Amon in a statement. â€œQualcomm is an incredible Company. We have been at the forefront of innovation for decades and I look forward to maintaining this position going forward. In addition to driving the expansion of 5G into mainstream devices and beyond mobile, Qualcomm is set to play a key role in the digital transformation of numerous industries as our technologies become essential to connecting everything to the cloud.â€�
Amon is set to take the reins on June 30th, with Mollenkopf set to stick around as a â€œstrategic advisorâ€� for an unspecified amount of time.
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