Qualcomm Taps Second Interim CFO This Year
24 August 2019 - 7:41AM
Dow Jones News
By Dave Sebastian
Qualcomm Inc. said Friday its interim finance chief David Wise
is retiring.
The move is effective Friday. The finance-chief change is the
company's second one this year.
Mr. Wise has served in the interim role since April when George
Davis left the company after six years as chief financial officer.
Mr. Davis is now the CFO of Intel Corp.
Mr. Wise previously served as Qualcomm's senior vice president
and treasurer. He joined the company in 1997.
Qualcomm said Akash Palkhiwala, the senior vice president of
finance and the finance chief of Qualcomm CDMA Technologies, has
become its interim CFO while the company looks for a permanent
replacement. Qualcomm said Mr. Wise will remain in a consulting
capacity.
Mr. Palkhiwala joined Qualcomm in 2001, having been in senior
finance roles for more than 10 years.
Also on Friday, A federal appeals court froze a ruling that
Qualcomm had committed an array of antitrust violations, a boost
for the chip maker that allows it to maintain its business
practices for now.
The Federal Trade Commission had sued the company, alleging it
engaged in an illegal monopoly that harmed smartphone manufacturers
and rival chip producers.
(END) Dow Jones Newswires
August 23, 2019 17:26 ET (21:26 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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