Bill Keitel to Retire as Qualcomm Chief Financial Officer, George Davis to Replace

  Bill Keitel to Retire as Qualcomm Chief Financial Officer, George Davis to

PR Newswire

SAN DIEGO, Jan. 30, 2013

SAN DIEGO, Jan. 30, 2013 /PRNewswire-FirstCall/ -- Qualcomm Incorporated
(NASDAQ: QCOM) today announced that William (Bill) Keitel has decided to
retire as Qualcomm executive vice president and chief financial officer.
George S. Davis, currently executive vice president and chief financial
officer of Applied Materials, Inc., will replace Mr. Keitel effective March
11, 2013. Keitel will continue as chief financial officer until that time, and
will then assist with the transition and serve as special advisor to the CEO
for the remainder of the calendar year. Davis will report to Paul Jacobs,
chairman and chief executive officer of Qualcomm.

Davis is a seasoned financial executive having served as a chief financial
officer for more than six years. During his nearly 13-year tenure with Applied
Materials, Davis held several leadership roles including corporate treasurer
and head of the Corporate Business Development group, where he was responsible
for merger and acquisition activities, strategic planning, and management of
the Company's venture investments. In addition to his finance and business
development oversight, George also had responsibility for the company's
activities in information technology, government affairs and corporate

Davis received his bachelor's degree in economics and political science from
Claremont McKenna College and his master of business administration degree
from the University of California, Los Angeles. He is also a member of The
Wall Street Journal CFO Network, The Conference Board Council of Financial
Executives, The Applied Materials Foundation board and was a longstanding
member of the board of trustees for the San Jose Repertory Theatre.

"We are pleased to add George to the Qualcomm executive team and I look
forward to working closely with him," said Jacobs. "His financial expertise
and leadership will be instrumental as we continue to expand our business and
strive to deliver strong financial results."

Keitel has served as Qualcomm's chief financial officer for the past 11 years.
"Bill's leadership has played a key role in establishing Qualcomm as a company
known not only for its leading-edge technology, but also for our superb
financial performance and rigorous financial discipline," said Jacobs. "I
appreciate Bill giving the Company the time to engage in an orderly process to
identify his successor and for his willingness to help facilitate a smooth
transition to George."

About Qualcomm
Qualcomm Incorporated (NASDAQ: QCOM) is the world leader in 3G and
next-generation mobile technologies. Qualcomm Incorporated includes Qualcomm's
licensing business, QTL, and the vast majority of its patent portfolio.
Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm
Incorporated, operates, along with its subsidiaries, substantially all of
Qualcomm's engineering, research and development functions, and substantially
all of its products and services businesses, including its semiconductor
business, QCT. For more than 25 years, Qualcomm ideas and inventions have
driven the evolution of digital communications, linking people everywhere more
closely to information, entertainment and each other. For more information,
visit Qualcomm's website, OnQ blog, Twitter and Facebook pages.

Qualcomm is a trademark of Qualcomm Incorporated, registered in the United
States and other countries. All other trademarks are the property of their
respective owners.

Qualcomm Contacts:
Tina Asmar, Corporate Communications
Phone: 1-858-845-5959

Warren Kneeshaw, Investor Relations
Phone: 1-858-658-4813

SOURCE Qualcomm Incorporated

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