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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.

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