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Qualcomm Names Steve Mollenkopf As Next CEO

Qualcomm says that long-time executive Steve Mollenkopf will become its CEO in March.

Photo by Qualcomm

Qualcomm CEO Steve Mollenkopf is pictured in this undated photo.

Mollenkopf, who has served as president and chief operating officer since October 2011, was named as CEO elect and will join the mobile device chipmaker's board. He will continue to serve as Qualcomm's president and officially become CEO on March 4 after the company's annual meeting.

At that time, current CEO Paul Jacobs will become executive chairman and help guide development of new technology.

Mollenkopf has held a variety of jobs during his nearly 20 years at the company, including leading its chipset business where he helped Qualcomm become the world's largest mobile chipset supplier and a leader in higher speed mobile Internet technology.

Qualcomm Inc. shares rose 23 cents to $72.96 in midday trading. Its shares had risen more than 17 percent through Thursday this year.

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thompsonrichard | December 15, 2013 at 5:29 p.m. ― 3 years, 3 months ago

Former Mayor Jerry Sanders, in September 2013, as a freshly-minted CEO of the San Diego Regional Chamber of Commerce, rescinded an invitation to newly-minted Mayor Bob Filner to join a business delegation to Washington, D.C. “We simply cannot risk any major distraction that would further impede the region’s business,” Sanders wrote in a letter to his successor. Sanders hinted darkly that Qualcomm's refusal to sponsor a forum was drastic. Bridgepoint Education Inc.-- and other San Diego businesses -- refusal to sponsor was also very, very bad for a certain local politician. Qualcomm did contribute over $1 million last year to the National / Regional Chambers of Commerce. As of March 2012 Bridgepoint enrolled approximately 95,000 students. How much (if anything) did that for-profit corporation contribute? Wasn't sponsorship of the 2013 Democratic Party County Convention suffient? Was it pay-to-play when Marty Block took maximum contributions for both the last years? Future Congressman Scott Peters contributed $5,000 to Block when he was in a close race himself? Why? Senator Tom Harkin (D-Iowa) has repeatedly pointed out that for-profit colleges educate 10 percent of American students and take in over 25 percent of federal student aid.

SDSU is home of KPBS. It's one of the top “Up-and-Coming Schools” in the nation, according to US News & World Report -- having risen faster in the rankings than any other university in the nation over the last three years. SDSU’s International Business program is ranked at No. 8. SDSU has passed $420 million of its $500 million fundraising goal in its first-ever comprehensive philanthropic campaign: 42,000 donors including alumni have contributed. U.S. News & World Report also named SDSU as one of the top 20 schools for students graduating with the least amount of debt. Fully 44 percent of SDSU students graduate with no debt at all. SDSU’s rise is the result of the university’s continued improvement in such areas as increased graduation and retention rates and ethnic diversity. SDSU was ranked in the top 100 public schools, moving up nine spots to No. 81.

“We want to keep public institutions as whole as possible,” said an official with California Student Aid Commission. Bob Filner taught at SDSU for two decades.

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