Qualcomm CEO Steve Mollenkopf Retires

Qualcomm (NASDAQ: QCOM) CEO Steve Mollenkopf just announced his retirement, ending a seven-year stint. The semiconductor giant has chosen to give the CEO title to another insider with lots of experience at the company.

Steve Mollenkopf, 52, will step down from Qualcomm's CEO office on June 30, 2021. In order to support a smooth transition, he will remain in a strategic advisory role for an unspecified period.

His replacement has a familiar flavor. CEO-elect Cristiano Amon, 50, worked his way through the ranks at Qualcomm after joining the company as an engineer in 1995, one year after Mollenkopf entered the workforce with a similar title. He currently serves as Qualcomm's president, mirroring Mollenkopf's springboard into the CEO office.

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Source Fool.com