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| Qualcomm Chief Operating Officer Steve Mollenkopf speaks at the LG G2 smart presentation in New York August 7, 2013. |
Mollenkopf had been in line to eventually succeed CEO Paul Jacobs, the 51-year-old son of a Qualcomm co-founder, but that plan was sped up in order to keep the senior executive from leaving, Jacobs told Reuters in an interview.
"Our executives are very talented and very sought after," Jacobs said, when asked by Reuters whether the promotion was related to an offer from Microsoft.
On Thursday, Bloomberg News reported that Microsoft has been considering Mollenkopf as a candidate for CEO.
"He would have been an awesome (Microsoft) CEO," said FBR analyst Chris Rolland. "But Qualcomm didn't want to lose him, and it makes sense to me."
"If I were the son of a founder of a $130 billion company, I would want to make sure I have the top guy behind me - and Steve is definitely that guy," Rolland said.
Removing Mollenkopf from the shortlist of CEO candidates at Microsoft could complicate matters for its board. The company was down to a "handful" of candidates with no clear leader, sources familiar with the matter told Reuters this week.
Mollenkopf, 44, will take the reins in March, as Qualcomm faces a shift in smartphone growth away from the United States toward China, where it faces an antitrust investigation and where consumers often spend less on their phones.
Via : Reuters
CREDIT: REUTERS/BRENDAN MCDERMID
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