Qualcomm’s COO Len Lauer has resigned in favor of accepting a new position as CEO at an unnamed company, which is expected to be announced in the new year. Release.
In a document filed with the SEC, Qualcomm (NSDQ: QCOM) said Lauer quit on Dec. 18, and that his resignation will be official Dec. 31. Lauer was promoted to the position of COO after Sanjay Jha left to become Motorola’s co-CEO and CEO of Motorola’s device’s division. Prior to Qualcomm, Lauer was Sprint’s COO. Lauer left Sprint (NYSE: S) a year after it merged with Nextel. Qualcomm said most of Lauer’s responsibilities have been reassigned to President Steven Altman.
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