Qualcomm Names Steve Mollenkopf CEO - Quick Facts

(RTTNews) - Qualcomm Incorporated (QCOM) Tuesday said the Board of Directors have elected Steve Mollenkopf as its new Chief Executive Officer at the company's 2014 Annual Meeting of Stockholders.

Steve succeeds Paul Jacobs, who will assume the role of the executive chairman, overseeing the development of new technology and Qualcomm's long-term opportunities.

Mollenkopf most recently served as the company's President and COO. Prior to that he led the Company's chipset business, overseeing the launch of 4G technology.

Mollenkopf has also guided the company through the worldwide expansion of CDMA technology, the introduction of Wideband Code Division Multiple Access, or W-CDMA, technology and the launch of 4G/LTE systems.