Qualcomm Incorporated, a global leader in mobile technology, recently announced that Cristiano Amon will be appointed as its new Chief Executive Officer-Elect. This announcement is a major milestone for the Californian company, as Amon is set to become the company’s first non-white chief executive.
The introduction of Amon to the Qualcomm team comes with a lot of anticipation, and his appointment is seen as a game-changer for the company.
Background of Qualcomm
Qualcomm Incorporated is a global leader in technological innovation and manufactures various wireless telecommunications related products and services used in mobile phones. Founded over thirty years ago, the company, based in San Diego, Calif., has become an undisputed leader in semiconductor manufacturing. Qualcomm is best known for developing the GSM cell phone standard, which is the foundation of most worldwide mobile phone networks. The technology has revolutionized communications on a global scale and Qualcomm has leveraged its industry-leading technology to become one of the most successful companies in its sector.
Over time, Qualcomm has developed expertise across a broad range of fields including software solutions such as SnapDragon processors and military-grade solutions with 5G integration. It also produces wearable health tech products like smart watches and fitness tracking devices, offering users a range of ways to track their physical activity levels throughout the day. Additionally, Qualcomm has widened its portfolio over recent years by introducing virtual-reality solutions and augmented-reality software. Today, Qualcomm offers an impressive range of cutting-edge technology that helps consumers stay connected and informed wherever they are.
Appointment of Cristiano Amon
Qualcomm Incorporated today announced that its board of directors has appointed Cristiano Amon to the position of CEO effective June 30, 2021. Mr. Amon will assume the role of President from current President Derek Aberle, on March 4, 2021 and will join Qualcomm as a member of its Board at that time.
Mr. Amon brings to Qualcomm more than 25 years of global experience in technology strategy and operations leading some of the world’s most admired companies including Lenovo, Motorola and Flextronics. As CEO-elect, Mr. Amon will lead Qualcomm’s executive team in developing its corporate strategy and overseeing all aspects of day-to-day operations, focusing on driving long-term growth and value creation for shareholders while continuing to invest in research and development.
Mr. Amon also brings extensive experience to his new position within large corporations across multiple geographies with a deep understanding of the complexities associated with expanding business worldwide. He holds a Masters degree from Georgia Institute Technology and an EMBA from Harvard University.
Qualcomm’s board is confident in Mr. Amon’s ability to take the company into its next phase of innovation, providing leadership for growth opportunities through current product lines and new products and services not yet realized by Qualcomm’s talented team or broad range customers around the world.
Qualifications
Qualcom’s appointment of Cristiano Amon to Chief Executive Officer-Elect is a testament to his achievements and qualifications. Amon has a long history of technology leadership, having worked at Qualcomm for more than 22 years and leads the company’s global product and technology teams.
This section will examine his qualifications that led to his appointment.
Professional background
Cristiano Amon is an experienced executive leader and Qualcomm’s incoming Chief Executive Officer-Elect. He has over 20 years of experience in the technology industry and has held numerous executive, operational and strategic roles.
Mr. Amon has served as President, Qualcomm Incorporated since June 2019 and as Executive Vice President, Qualcomm Technologies Inc., since 2013. Before joining Qualcomm, Mr. Amon held various positions at Motorola from 1997 until joining Qualcomm in 2005 and spent a brief period in 2010 at Freescale Semiconductor before rejoining Qualcomm in 2011.
In addition to his experience at other companies, Mr. Amon’s long tenure at Qualcomm gives him insight into the company’s culture, operations and mission that is hard to find elsewhere—he is uniquely positioned to continue driving growth while preserving what makes Qualcommm successful both today and tomorrow. He currently serves on the boards of directors of Schneider Electric SE, Pano Logic LLC, and San Diego Zoo Global Foundation Board of Trustees.
Previous roles at Qualcomm
Before his appointment as CEO of Qualcomm, Cristiano Amon held various executive leadership roles across businesses at Qualcomm and its subsidiaries. He served as executive vice president for Qualcomm Incorporated and president of the company’s semiconductor business. In 2011, he was appointed President of Qualcomm Latin America, overseeing all business operations in the region.
Additionally, Amon has held senior management positions in Qualcomm’s research and development since 2005, including vice president of Corporate R&D and technology at Qualcomm Atheros Inc., senior vice president of Mobile Chipset Development at Qualcomm Technologies Inc., and technical assistant to the Chief Executive Officer. He was also responsible for the architecture and product design for many of its earlier chips used in mobile phones.
Qualcomm Announces Cristiano Amon Appointed Chief Executive Officer-Elect
Cristiano Amon has been appointed as Qualcomm’s new Chief Executive Officer (CEO) and is set to take charge in June 2021.
During his impressive career, he has achieved several milestones including appointment as president of Qualcomm, leading the company’s mobile and postpaid businesses.
This section will further discuss his achievements and highlight why he was chosen to lead Qualcomm.
Achievements while at Qualcomm
Cristiano Amon is known for his thoughtful, decisive leadership in the tech industry and Qualcomm is fortunate to have him as its incoming CEO. An able administrator and an innovative executive, Mr. Amon brings more than 23 years of experience in roles with increasing responsibility at Qualcomm and other organizations. A few of his achievements include:
• Foreseeing the potential for 5G technology early on and launching the solution three years ahead of schedule when he was President of Qualcomm Wireless Communications.
• Seamlessly rolling out several complex carrier launches such as Verizon’s XLTE Network while he led Global Product Management of Qualcomm Technologies.
• Developing a comprehensive licensable semiconductor console system platform while Vice President and General Manager at Optical Storage Business Unit at Quantum Corporation.
• Successfully launching new services such as Streamzoo while Chief Executive Officer & Co-Founder at Illumino Inc., a computer vision startup.
Additionally, Mr. Amon holds several Board memberships including MetroPCS, Vodafone Latin America, VIAU president in Latin America, Conexant Systems Inc., University of Texas MD Anderson Cancer Center Advisory Council and the Global Inclusion Council at Qualcomm Incorporated.
Awards and recognitions
Cristiano Amon, who currently serves as President of Qualcomm Incorporated, has been appointed Chief Executive Officer-elect effective June 30, 2021. Mr. Amon has had a distinguished career at Qualcomm. He is recognized by his peers both inside and outside the company for his technical accomplishments, product development excellence and uplifting company culture.
Throughout his career he has collected numerous awards and recognitions:
- Recipient of the Carnegie Mellon University Alumni Achievement Award in 2011
- Named “Digital Power Player” by Multichannel News in 2015
- Elected to The National Academy of Engineering in 2018
- Selected as one of Crains’ “Tech 50” Technology Influencers for San Diego in 2019
- Listed among Barron’s “World’s Best CEOs” in 2020
Vision
Qualcomm has announced Cristiano Amon as the new Chief Executive Officer-Elect. In this role, Amon brings decades of leadership experience, technological depth, and a vision for Qualcomm to lead the way in the next generation of 5G, AI, and IoT technologies. He will be responsible for driving Qualcomm’s strategy and long-term success, and this article will explore his vision for the company.
Goals for the future
Cristiano Amon’s vision for Qualcomm’s future focuses on utilizing the company’s unrivaled position as a leader in 5G technology and taking advantage of exponential growth opportunities. In doing so, he will focus on investing even more in the company’s research and development capabilities, expanding its product portfolio and differentiated solutions, continuing to build partnerships across industries, and driving overall financial performance.
Additionally, Amon intends to ensure Qualcomm continues to be an exemplary corporate citizen that works to create strong communities where they live, work and serve customers. This includes deepening its commitment to ethics, diversity & inclusion initiatives focused on STEM education and providing career opportunities for underrepresented groups in tech.
Finally, he remains dedicated to driving sustainable business practices that create value for investors over the long-term by investing in capital returns programs such as stock buybacks, dividends and debt-reduction programs.
Plans for the company
Cristiano Amon, who will ascend to serve as Qualcomm’s new Chief Executive Officer on June 30, 2021, is committed to driving Qualcomm’s continued leadership in technology and creating value for customers, shareholders and shareholders and employees.
He plans to focus the company’s efforts on growing its strong 5G franchise, expanding other technology opportunities such as AI/machine learning, IoT and edge computing, delivering market-leading products and services throughout the Qualcomm value chain including mobile, automotive and compute segments; reducing complexity across all operations through simplification; continuing to drive long-term financial performance through disciplined capital deployment decisions; investing in leading edge research; and delivering improved customer engagement.
Amon will bring a mindset of execution excellence to expand Qualcomm’s technology leadership while managing costs across the company.
He is experienced in expanding market share, strategic planning around ecosystems of partners and delivering OEM wins that result in improved revenue growth. He also has deep capabilities in corporate finance and product development excellence.
Amon’s track record of success makes him ideal for this role with Qualcomm at this time.
Conclusion
Qualcomm Incorporated has announced that its Board of Directors has elected Cristiano Amon as President and Chief Executive Officer-Elect, effective June 30, 2021. This move signals a new chapter in the company’s evolution as it seeks to move beyond its traditional chipmaking business and into new mobile technologies.
In this article, we will explore the implications of Cristiano Amon’s appointment, and conclude the future of Qualcomm.
Summary of the announcement
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Outlook for the future
As one of the most renowned leaders in technology and semiconductor industries, Cristiano Amon brings a wealth of expertise to Qualcomm as it transforms into a world leader in mobile and 5G.
Under his leadership, it is expected that the company will be able to capitalize on current industry trends to ensure long-term competitive advantage and drive growth. Qualcomm’s technology portfolio is set to spur innovation across its entire product line while leveraging new opportunities in multiple industries.
The appointment of Amon as CEO-elect offers investors confidence that Qualcomm is committed to strengthening its position as an innovator across mobile and 5G technology markets. Moreover, Qualcomm’s experienced executive team is uniquely positioned to capitalize on the opportunities afforded by Amon’s appointment going forward with strong financial performance being a key focus. This move has already been met with strong market sentiment from investors demonstrating their confidence in the new direction for the semiconductor giant.
tags = ualcomm Incorporated (Nasdaq: QCOM), Qualcomm a leader in 3G, 4G and now 5G, steve mollenkopf cristiano amon juneleswingcnbc