InterDigital Adds Kai Öistämö, Jeffrey Belk in New Executive Roles
October 11 2018 - 8:30AM
Leading Wireless Executives Move from
Board Seats at the Company to Management Roles
InterDigital (NASDAQ: IDCC), a mobile technology research and
development company, today announced a significant enhancement of
its customer focus and licensing efforts with the addition of Kai
Öistämö as Chief Operating Officer and Jeffrey Belk as Executive
Vice President, Business Development, and President, InterDigital
China.
Messrs. Öistämö and Belk, who have both stepped off the
company’s Board of Directors to assume their new roles, will
contribute significant senior executive experience and
relationships gained through their respective careers at Nokia and
Qualcomm. Their addition to the executive team marks a dramatic
expansion of the company's industry relationships and
customer-driven experience.
“InterDigital’s continued success depends on our ability to
expand even further our significance in the eyes of our customers,
and to articulate our research and capabilities in relation to
their business needs,” said William J. Merritt, President and CEO
of InterDigital. “The addition of Kai and Jeffrey represents a
dramatic strengthening of our senior executive team and contributes
a strong understanding of top-tier mobile industry players and
their needs. Both also bring strong global backgrounds, including
experience in the Chinese market – a necessary requirement for our
next phase of growth.”
Prior to joining InterDigital’s Board of Directors in November
2014, Mr. Öistämö gained recognition globally as one of the leading
mobile industry executives worldwide over the course of more than
two decades at Nokia, including nine years on the Nokia leadership
team. At Nokia, he led corporate strategy and business development
as Executive Vice President, Chief Development Officer, from 2010
until his departure in 2014, with responsibility for strategic
partnerships and alliances. Previous roles during his 23-year
tenure at Nokia included Executive Vice President leading both the
Devices and Mobile Phones businesses. From September 2016 until
recently, Mr. Öistämö was an Executive Partner at Siris Capital, a
private equity firm. Mr. Öistämö holds a doctorate degree in
technology and a master’s degree in engineering from Tampere
University of Technology in Finland.
Mr. Belk joined InterDigital’s Board of Directors in March 2010.
Prior to joining the Board, he spent almost 14 years at Qualcomm
where, prior to his departure in early 2008, he was Qualcomm’s
Senior Vice President of Strategy and Market Development. In that
role, he focused on working with operators and partners globally to
help accelerate mobile broadband adoption and growth. His time at
Qualcomm included a six-year period as Senior Vice President,
Marketing, which saw him focus on ecosystem efforts in relation to
transitions from 2G to 3G and from 3G to 4G. Since his departure
from Qualcomm, Mr. Belk has worked in advisory, development and
governance capacities, most recently as Chief Executive Officer of
Forecast Ventures. He holds a bachelor's degree in economics from
the University of California, San Diego, and a master's degree in
business administration from the Paul Merage School of Business at
the University of California, Irvine.
“InterDigital has experienced remarkable growth in the past few
years. With the arrival of 5G, which begins the process of
expanding wireless beyond handsets and into every area of our
lives, and our recent aggressive expansion into video, both Jeff
and I feel that the company is poised for even greater growth, and
we’re pleased to be part of it,” said Mr. Öistämö.
“As one of the premier independent standards research companies
worldwide, InterDigital has benefited from a tremendous foundation
of industry relationships and participation at the engineering
level. With the tremendous growth of 4G and launch of 5G, this is
an opportune time for InterDigital to enhance its market, customer
and industry presence. It’s a very exciting time to be joining the
company in this new role,” said Mr. Belk.
About InterDigital®
InterDigital develops mobile technologies that
are at the core of devices, networks, and services worldwide. We
solve many of the industry's most critical and complex technical
challenges, inventing solutions for more efficient broadband
networks and a richer multimedia experience years ahead of market
deployment. InterDigital has licenses and strategic relationships
with many of the world's leading wireless companies. Founded in
1972, InterDigital is listed on NASDAQ and is included in the
S&P MidCap 400® index.
InterDigital is a registered trademark of
InterDigital, Inc.
For more information, visit:
www.interdigital.com.
InterDigital Contact:Patrick Van
de WilleEmail: patrick.vandewille@interdigital.com +1 (858)
210-4814 |
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