Qualcomm Inc. reported that COO Len Lauer has left the company to accept the CEO position at an undisclosed company.
Looking to take a positive out of the situation, Qualcomm said the change will allow the company to re-align its business groups with its MEMS Technologies division now reporting to Steve Mollenkopf, EVP and president of Qualcomm’s CDMA Technologies group and all remaining service businesses reporting to Qualcomm President Steve Altman.
“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,” the company noted in a press release.
A long-time industry veteran, Lauer joined Qualcomm in 2006 after he was fired as CEO at Sprint Nextel Corp. following continued poor quarterly results at the carrier.
Lauer leaves Qualcomm
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