By John Kell
Qualcomm Inc. (QCOM) on Wednesday disclosed Vice Chairman Steve Altman, who first joined the chip maker in 1989, will retire at the beginning of 2014.
Mr. Altman has served as vice chairman since November 2011, after previously serving as president of the company for over six years and as executive vice president between late 1997 and June 2005.
Qualcomm said Mr. Altman will continue to serve as a strategic consultant for the company. His retirement from the vice chairman role is effective Jan. 3.
The company said one of Mr. Altman's more significant contributions has been as a chief architect of Qualcomm's IP licensing strategy. He also has helped structure and negotiate key license pacts, joint ventures and acquisitions.
Qualcomm has been one of the main beneficiaries of the growing popularity of smartphones, as it supplies wireless processors for a broad range of customers that include Apple Inc. (AAPL) and Samsung Electronics Co. (005930.SE) and collects money from license payments tied to its technology. The company is planning to release fiscal fourth-quarter results in early November.
Shares, inactive in after-hours trading, closed the regular session up 1% to $68.87, rising with the broader market.
Write to John Kell at firstname.lastname@example.org
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 16, 2013 18:44 ET (22:44 GMT)Copyright (c) 2013 Dow Jones & Company, Inc.
|Steve Altman, Qualcomm Vice Chairman, to Retire ()|
|Chairman Steve Leer to Retire from Arch Coal's Board Following Long, Distinguished Tenure (2014/2/28)|
|Vice Chairman David Nadler to Retire from Marsh & McLennan Companies at Year End (2013/10/9)|
|Cincinnati Bell Elects Two New Board Members; Vice Chairman Jack Cassidy to Retire (2013/10/14)|
|Goldman Sachs Says Vice Chairman Michael Evans to Retire at Year End ()|
|DexCom Announces Appointment of Steve Altman as Board Member (2013/11/6)|
|NuStar CFO Steve Blank to Retire at Year-End; Tom Shoaf Selected as Successor ()|
|Microsoft CEO Steve Ballmer to retire within 12 months ()|
|EZCORP Executive Chairman Sterling Brinkley to Retire (2014/4/7)|
|UPDATE: Microsoft CEO Steve Ballmer to retire (2013/8/23)|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Access Your Portfolio Anytime, Anywhere via Your Mobile Device|
|P||Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)|
|P||Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)|
|P||Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.