SAN DIEGO, Aug. 23, 2019 /PRNewswire/ -- Qualcomm
Incorporated (NASDAQ: QCOM) today announced that Dave Wise has decided to retire after a 23-year
tenure at the Company. His departure is effective as of today. As
part of the transition plan, Qualcomm's Board of Directors has
unanimously approved the appointment of Akash Palkhiwala, SVP of Finance, as interim CFO
while the Company seeks a permanent replacement. Wise will
remain in a consulting capacity.
"On behalf of the Executive Team, I want to thank Dave for his
long service to Qualcomm, and particularly for taking on the
interim CFO role for the last five months. We all wish him well,"
said Steve Mollenkopf, CEO of
Qualcomm Incorporated. "I am confident that Akash Palkhiwala has the experience and deep
understanding of our business to lead our finance function while we
continue our efforts to identify a permanent CFO."
Palkhiwala is currently Senior Vice President and finance lead
for QCT, with responsibility for finance and all chipset
products and segments including Mobile, RF Front End, Compute,
Auto, Connectivity and Networking and IoT.
Palkhiwala joined Qualcomm in 2001 and has previously held a
variety of roles in Finance, including Treasurer and lead for
Corporate Finance overseeing Qualcomm's overall financial planning
and analysis. He has been part of the senior finance
leadership team for more than 10 years.
Palkhiwala holds a B.A. degree in Mechanical Engineering and an
MBA from the University of
Maryland.
About Qualcomm
Qualcomm invents breakthrough technologies that transform how
the world connects, computes and communicates. When we connected
the phone to the Internet, the mobile revolution was born. Today,
our inventions are the foundation for life-changing products,
experiences, and industries. As we lead the world to 5G, we
envision this next big change in cellular technology spurring a new
era of intelligent, connected devices and enabling new
opportunities in connected cars, remote delivery of health care
services, and the IoT — including smart cities, smart homes, and
wearables. Qualcomm Incorporated includes our licensing business,
QTL, and the vast majority of our patent portfolio. Qualcomm
Technologies, Inc., a subsidiary of Qualcomm Incorporated,
operates, along with its subsidiaries, substantially all of our
engineering, research and development functions, and substantially
all of our products and services businesses, including the QCT
semiconductor business. For more information, visit Qualcomm's
website, OnQ blog, Twitter and Facebook pages.
Qualcomm Contacts:
Pete Lancia, Corporate
Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
Mauricio Lopez-Hodoyan, Investor Relations
Phone: 1-858-658-5431
Email: ir@qualcomm.com
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SOURCE Qualcomm Incorporated