Steve Mollenkopf, who was considered a dark horse to run Microsoft, will be chief executive of Qualcomm. The surprise announcement was made this morning, December 13.
Mollenkopf is currently chief operating officer of Qualcomm. The appointment becomes effective March 4.
Mollenkopf has been with Qualcomm since 1994 and recently headed its wireless chip-set business.
Paul Jacobs, 51, is son of the company's co-founder, Irwin Jacobs. He will remain executive chairman of the company.