Mollenkopf was rumored to be Microsoft's new CEO

Qualcomm Chief Operating Officer Steve Mollenkopf was originally rumored to be in the running for Microsoft's next CEO, and while he definitely is becoming a CEO, it's not at the Redmond, Washington-based software giant.
Qualcomm announced that Mollenkopf will become CEO as of March 4, 2014 and is joining the board today. He will continue his role as company president. 
“I am honored to have been chosen by the board to lead Qualcomm into the next exciting era of the Company,” said Mollenkopf. “Qualcomm’s focus on execution in product and technology development has helped to establish us as a leader in wireless with our partners. I look forward to working with our executive team and our employees in driving growth for our Company and the entire mobile ecosystem as it transitions to 4G and beyond."
Mollenkopf was hired as an engineer at Qualcomm back in 1994. He made his way up in the company, eventually becoming head of the chip business -- QCT -- in 2008. 
In November 2011, he became the president and COO of Qualcomm. 
It was noted that incumbent leader Paul Jacobs would remain as executive chairman of the board of directors.

Steve Mollenkopf [SOURCE:]

Before the news of Mollenkopf's CEO position at Qualcomm, it was rumored that he was on the list as a potential CEO for Microsoft. According to Bloomberg, Mollenkopf was the latest high-profile tech name to be considered in the wake of Steve Ballmer's announced retirement. 
However, moving up to Qualcomm's new CEO has taken Mollenkopf out of the Microsoft running, so that search continues on. 
It's unclear whom Microsoft will choose at this point, considering the company was also considering Ford CEO Alan Mulally, but Ford Director Edsel Ford II said that Mulally would be staying with the automaker through 2014. This doesn't exactly eliminate the chances of Mulally becoming Microsoft's CEO, but there doesn't seem to be a clear decision yet.
The software giant is also considering Satya Nadella (Microsoft's cloud and enterprise chief), former Skype CEO Tony Bates (who is now head of Microsoft's business development) and other internal and external candidates. 

Sources: Bloomberg, Qualcomm

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