Qualcomm Inc. announced that Len Lauer, chief operating officer, has resigned and accepted a chief executive officer’s role at another company. Qualcomm says the organizational change provides an opportunity to realign its business groups. As a result, the Qualcomm MEMS Technologies (QMT) organization now will report to Steve Mollenkopf, executive vice president and president, Qualcomm CDMA Technologies (QCT).
With the display business entering an important phase of expansion, close partnership with QCT will help QMT as they work with device manufacturers and tackle the challenges of commercializing, scaling and evolving the mirasol product line, Qualcomm says. All remaining services businesses now will report to Steve Altman, president.
“During the past three years, Len’s leadership and expertise have helped Qualcomm expand business opportunities and further strengthen its relationships with operators and content providers,” says Dr. Paul E. Jacobs, chairman and CEO of San Diego-based Qualcomm. “We are thankful to him for his service and wish him the best as he pursues new opportunities. Steve Altman and Steve Mollenkopf have been invaluable in helping to guide Qualcomm’s strategy and success, and I am pleased to have such a capable and seasoned executive leadership team to ensure a seamless transition for our customers, our suppliers and our employees.”