Chipmaking giant Qualcomm has named Cristiano Amon as the successor to CEO Steve Mollenkopf, who plans to retire after steering the company for almost seven years. Amon, who currently serves as the company’s President, will assume the top spot on June 30, 2021.
Mollenkopf, a 26-year Qualcomm veteran, will remain with the company as a strategic advisor for an undisclosed period of time following the transition.
Mollenkopf stated, "With our business model clearly validated and our leadership in 5G, this is the right time for Cristiano to assume leadership of the Company and preside over what I see as the single largest opportunity in the Company's history."
As President, Amon spearheaded the development of Qualcomm’s 5G strategy, including its acceleration, technology roadmap, and global rollout. He also was a leading figure in the company’s strategy to expand beyond its Mobile business into new segments such as Auto, RF Front-End, and IoT.
Before taking on his duties as President in 2018, Amon held several business and technical leadership positions at Qualcomm over his 25-years with the semiconductor company. Outside of Qualcomm, Amon is a thought leader in the tech industry and serves as the co-Chairman of the World Economic Forum IoT Council.
"I am honored to be named the next CEO of Qualcomm and appreciate the confidence that Steve and the Board have in me," Amon stated. "Qualcomm is an incredible Company. We have been at the forefront of innovation for decades and I look forward to maintaining this position going forward.
Amon added, “In addition to driving the expansion of 5G into mainstream devices and beyond mobile, Qualcomm is set to play a key role in the digital transformation of numerous industries as our technologies become essential to connecting everything to the cloud. The need for our solutions has never been more pronounced and our leadership position has never been more evident. I look forward to working with our 41,000 employees around the world to create technologies that revolutionize the way people live, work and connect with each other."
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