Amon Cristiano (Cristiano Amon)

Amon Cristiano (Cristiano Amon)

Biography

2020: Appointment of Qualcomm as the head

On January 5, 2021 Qualcomm announced change of the CEO. Steve Mollenkopf's place will be taken by Cristiano Hamon whose nomination was unanimously supported by board members of the company.

Officially Amon will begin to run Qualcomm on June 30, 2021 after two years of work on a position of the president of this company, heading division on development of chips.

52-year-old Mollenkopf worked in Qualcomm of 26 years. Since 2014 when he became a CEO, stocks of Qualcomm rose 96.7% (in 2019 securities rose in price for 71.7%).

Under its management the company overcame an array of problems, including a lawsuit about Apple and attempt of a hostile takeover from the competitor of Broadcom.  For example, in 2020 Qualcomm won a decisive victory in fight with Federal trade commission (FTC) when the Federal Court of Appeal of the USA decided that business practice of Qualcomm is not anti-competitive.

Steve passed through unprecedented difficulties during the management of the company, in seven years of work as the CEO having endured more, than other heads of the companies about all their career — the chairman of the board of directors of Qualcomm Mark McLaughlin said.

Under the leadership of Mollenkopf the company mastered technologies 3G and 4G, became one of leading manufacturers of chips for smartphones, began to develop Internet of Things and to make chips for autonomous cars. Change of the CEO happens during the period, important for Qualcomm — the beginning of a boom of sales of a 5G smartphones thanks to which the company which is the world's largest producer of chips for connection of devices to cellular networks can earn much, CNBC notes. In 2021 Qualcomm expects to deliver 500 million 5G chips.^[1]

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