Qualcomm announced Thursday that its president Derek Aberle, a 17-year veteran of the San Diego-based wireless giant, will leave at year end.
Aberle’s departure, effective Dec. 31, comes as Qualcomm is embroiled in legal battles with Apple over royalties for chips used in the iPhone and with regulators in several countries.
“On behalf of the executive team, I want to thank Derek for the vision, creativity, dedication, and judgment he brought to the company and wish him all the best in the future,” said Steve Mollenkopf, CEO of Qualcomm.
Mollenkopf said that under Aberle’s leadership, Qualcomm’s QTL licensing division had “significantly grown in both revenues and profits.” He added that “the company is well positioned to build on Derek’s record of success and continue to deliver solid results in the future.”
The announcement came after the close of stock markets in New York, and the company’s share’s were largely unchanged in after-hours trading.
“Over the past 30 years Qualcomm has invented the core technologies that have enabled the mobile revolution and made all modern smartphones possible, I am very proud to have been a part of that tradition of innovation, and of all that we’ve been able to accomplish during my tenure,” said Aberle.
Qualcomm said executive vice president and QTL division president Alex Rogers, who has run QTL since March 2016, will report directly to Mollenkopf during the transition.
Rogers joined Qualcomm in 2001 and has since held various leadership positions at the company. During his tenure leading QTL, Rogers helped conclude key licensing agreements in China and has been involved in numerous IP and regulatory matters.
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