US mobile electronics giant Qualcomm has announced the appointment of a new chief executive, Cristiano Amon, to replace Steve Mollenkopf from June 30, as the company surfs the rollout of 5G. Mr. Mollenkopf plans to retire after 26 years with the company but will remain strategic advisor for “ some time “, details a press release. An engineer by training, he took over as head of the company in March 2014. “His work has helped make smartphones accessible to everyone and has made Qualcomm a leader in 3G, 4G and now 5G”, underlines the document. Under his leadership, the company has also expanded into the Internet of Things and automotive sectors.
Accusations of anti-competitive practices
But he also had to face several challenges including accusations of anti-competitive practices in the United States and the European Union and a legal battle with Apple over patents. The group also waged a bitter fight in 2017 and 2018 with its competitor Broadcom, based in Singapore, which wanted to buy it, and had to give up a merger with the Dutch group NXP against the backdrop of the Sino-US trade war. Mr. Mollenkopf faced “To more challenges in his seven years as CEO than most executives encounter in their entire careers”, commented the chairman of the board of directors of the group, Mark McLaughlin, quoted in the press release. His replacement, aged 50, is also an engineer and has worked at Qualcomm since 1995.
” With our clearly validated business model and our lead in 5G, now is the right time for Cristiano to take on the leadership of the company and lead the business at a time of what I consider to be the greatest opportunity in the world. company history ”, 5G, said Mollenkopf in the press release. Mr. Amon, he explains, led the development of Qualcomm’s 5G strategy. For Mr. McLaughlin, Mr. Amon “Was the obvious choice to become our new CEO as he has proven that he knows how to implement projects, knows the company in depth, has solid relationships with our partners and a strategic vision for the future of the company. ‘company “. Based in San Diego, Qualcomm employs 41,000 people. The company posted sales of $ 23.5 billion for the fiscal year ending in late September.