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Qualcomm Announces Leadership Changes and Promotions
Aug 04, 2008 (08:08 AM EDT)
SAN DIEGO, Aug. 4 /PRNewswire-FirstCall/ -- Qualcomm Incorporated announced today that Dr. Sanjay Jha, chief operating officer and president of Qualcomm CDMA Technologies (QCT), is leaving Qualcomm and will become co-CEO of Motorola, Inc. and CEO of Motorola Mobile Devices. Len Lauer, executive vice president of Qualcomm and group president, is promoted to chief operating officer and Steve Mollenkopf, executive vice president of QCT, is promoted to president of QCT. In addition, Jim Lederer was recently promoted to executive vice president of business planning and finance for QCT.
"Sanjay's leadership has been instrumental in growing QCT into the number one wireless semiconductor supplier," said Dr. Paul E. Jacobs, CEO of Qualcomm. "I'd like to personally thank Sanjay for his many years of service for Qualcomm and look forward to continuing to work with him in his role at one of Qualcomm's key customers. I wish Sanjay the best in his new position. I congratulate Len, Steve and Jim on their promotions. I am pleased to have such a capable and seasoned executive leadership team to ensure a seamless transition for our customers, our suppliers and our employees. Len's extensive knowledge of the wireless industry, his strong operational experience, and his relationships with our customers makes him the right choice for COO. Steve is the ideal person to succeed Sanjay as president of QCT given his central role in creating QCT's product roadmap, his strong technical background, and his extensive experience in the semiconductor industry. And I'm pleased to recognize the role Jim has played in leading QCT's business operations and finance functions from its earliest days. The convergence of wireless and the Internet is creating a wide array of exciting opportunities, and with this team, Qualcomm is ideally positioned to extend our leadership position."
"It's my pleasure to congratulate Len, Steve and Jim on their promotions," said Dr. Sanjay Jha. "I look forward to close cooperation with Qualcomm in the future and appreciate the opportunities I have had over my 14-year career at the Company."
In the role of group president, Len Lauer has provided oversight and direction to the following divisions: Qualcomm Internet Services (QIS), Qualcomm Enterprise Services (QES), Qualcomm MEMS Technologies (QMT), Qualcomm Government Technologies (QGOV) and the Company's mobile TV subsidiary, MediaFLO USA (MUI) and MediaFLO Technologies (MFT). Len Lauer has 30 years of operating experience in the high tech and communications sectors. Prior to joining Qualcomm, Len served as a senior executive at Sprint for eight years. He began by leading the long distance divisions and then became the president of Sprint PCS. During the two-year period at Sprint PCS, Len led a dramatic turn around of the wireless division which resulted in a strong gain in the share price of the tracking stock. He then became the president and chief operating officer of Sprint. During this time frame, Sprint delivered strong improvements related to operational and financial performance. Len was the chief operating officer of Sprint Nextel for the first year of the merger. Prior to joining Sprint, he was president and CEO of Bell Atlantic-New Jersey. Lauer also spent more than 10 years with IBM, holding a variety of management positions in marketing and sales. Lauer holds a bachelor's degree in managerial economics from the .
Steve Mollenkopf began his career at Qualcomm in 1994 as an engineer and was a leading contributor to the Globalstar project before joining the QCT team in 1999. Serving in various capacities within QCT, Mollenkopf's technical and business leadership have been critical to the development and implementation of multiple industry-leading innovations. Immediately prior to being promoted to EVP, Mollenkopf served as senior vice president of product management and as the lead of the cellular products group for QCT. Mollenkopf led the development of Qualcomm's UMTS family of air interface technologies, including GSM, GPRS, EDGE, WCDMA, HSDPA and HSUPA, as senior vice president of engineering, before transitioning to a business role in 2007. Since 2001, he has been instrumental in building Qualcomm's position in the UMTS ecosystem, leading development efforts and establishing critical carrier, customer and infrastructure relationships in the market, enabling Qualcomm to grow into the industry's number one merchant chip supplier. Mollenkopf holds two electrical engineering degrees, including a BSEE from and an MSEE from the .
Jim Lederer joined the Company in 1997 as a senior manager in Qualcomm's corporate strategic finance group, bringing 15 years of business and financial experience to the role. In 1999, he joined QCT and was promoted to vice president in 2001, assuming responsibility for the worldwide QCT finance organization. Prior to taking on his current role as EVP of business planning and finance, he served for three years as senior vice president on QCT's senior management team, playing a key role in the growth of the division during this time. Lederer's earlier career includes a seven-year stint at General Motors where he was responsible for the financial analysis and corporate reporting of a $1.8 billion division. Prior to joining Qualcomm, he spent four years at Motorola, working with multiple business units, manufacturing facilities and the company's cellular products division. He earned a bachelor of science in business administration and finance and a masters degree in business administration, both awarded by the .
Qualcomm Incorporated ( http://www.qualcomm.com ) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2008 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.
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Qualcomm Contacts: Christine Trimble, Corporate Communications Phone: 1-858-845-5959 Email: firstname.lastname@example.org John Gilbert, Investor Relations Phone: 1-858-658-4813 Email: email@example.com
CONTACT: Corporate Communications, Christine Trimble, +1-858-845-5959, firstname.lastname@example.org, or Investor Relations, John Gilbert,+1-858-658-4813, , both of Qualcomm Incorporated
Web site: http://www.qualcomm.com/