(Updates with CEO’s comment in fourth paragraph.)
Oct. 4 (Bloomberg) -- Qualcomm Inc., the biggest maker of mobile-phone chips, promoted Steve Mollenkopf to president and chief operating officer.
Mollenkopf will continue in his role as president for CDMA wireless technologies and also oversee Qualcomm’s divisions, business operations, market expansion and development areas, the company said in a statement today. Steve Altman will become vice chairman and continue his role on the executive committee.
Qualcomm’s radio chips are the most widely used in the mobile phone industry. It also owns some of the technology used in advanced, third-generation wireless services, helping it collect higher licensing revenue as more consumers move to handsets that connect to the Internet.
“Their leadership has been instrumental in Qualcomm’s success and I look forward to working with them in their expanded roles,” said Paul Jacobs, chief executive officer of Qualcomm, in the statement.
San Diego, California-based Qualcomm also named Derek Aberle executive vice president and group president, reporting to Mollenkopf. Altman and Mollenkopf will continue to report to Jacobs.
Altman joined Qualcomm 22 years ago and has been president for six years. Mollenkopf began his career in 1994 at Qualcomm as an engineer.
--Editors: Lisa Rapaport, James Callan
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