Qualcomm is having a new CEO: Steve Mollenkopf, who took over as CEO in 2014, will replace Cristiano Amon, who is already working as the company’s president.
For some time, Amon has already acted as the company’s public face, chairing the launch of new products such as the Snapdragon 888, making him an obvious choice to succeed Mollenkopf at the helm.
Qualcomm faced multiple obstacles in Mollenkopf’s tenure as CEO: antitrust charges, allegations of anti-competitive conduct, and a huge battle with Apple that saw the two companies break their partnership (before patching things up in a settlement).
But he also oversaw the development of Qualcomm into the juggernaut that it is today, one that almost entirely dominates the mobile processor industry.
“I am honored to be named Qualcomm’s next CEO and appreciate the trust in me that Steve and the Board have,” Amon said in a release.
“Qualcomm is an unbelievable enterprise. For decades, we have been at the forefront of progress and I look forward to holding that position going forward.”
“Qualcomm is expected to play a key role in the digital transformation of various industries as our innovations become crucial to connecting everything to the cloud, in addition to driving the extension of 5G into mainstream devices and beyond phones.”
On June 30th, Amon is expected to take the reins, with Mollenkopf set to hang around for an unspecified period of time as a “strategic adviser.”