logo
Share SHARE
FONT-SIZE Plus   Neg

Qualcomm CFO William Keitel To Retire - Quick Facts

Qualcomm Inc. (QCOM) announced that William Keitel has decided to retire as executive vice president and chief financial officer. George Davis, currently executive vice president and chief financial officer of Applied Materials, Inc., will replace Keitel effective March 11, 2013.

The company said that 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 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 relations.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform. Discount retailers Dollar Tree Inc. and Dollar General Corp. both reported results for the second quarter that missed analysts' expectations. Looking ahead, Dollar Tree also forecast revenue for the third quarter below analysts' estimates and lowered its full-year revenue outlook. Shares of both companies are falling in pre-market activity. Tiffany & Co. reported slight increase in second-quarter net profit on the absence of prior year's charge, while net sales and comparable sales were weak. Earnings per share topped analysts' estimates, while sales missed their view. Further, the company maintained its fiscal 2016 forecast, expecting lower results. In pre-market activity, shares were gaining 4.54 percent.
comments powered by Disqus
Follow RTT