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Microsoft hires Qualcomm exec to make more deals

Microsoft CEO Satya Nadella has lured away an executive from smartphone chip maker Qualcomm to hammer out more deals that will expand the software maker's presence in the mobile device market.

Margaret “Peggy” Johnson will serve as Microsoft Corp.'s (Nasdaq: MSFT) executive vice president of business development after spending the past 24 years at Qualcomm Inc. (Nasdaq: QCOM). She will report directly to Nadella in her new job.

Since succeeding Steve Ballmer as Microsoft's CEO six months ago, Nadella has been focused on ways to make Microsoft's software and other services more appealing to use on smartphones and tablets as people increasingly rely on those devices instead of desktop and laptop computers.

Microsoft Windows operating system has long the most influential force on personal computers, but the Redmond, Washington company has been eclipsed by Apple Inc. (Nasdaq: AAPL) and Google Inc. (Nasdaq: GOOG) in the mobile market. Apple has become the world's most valuable company, largely because of its trend-setting iPhone and iPad, while Google parlayed its dominance of Internet search to create Android, the mostly widely use mobile operating system.

“Peggy shares our worldview and knows what it takes to drive new growth in mobility and the cloud,” Nadella said.

Johnson most recently was an executive vice president of Qualcomm Technologies and was also president of the San Diego company's global market development. With her hiring, Johnson becomes the third woman on Microsoft's 15-person team of senior executives at a time when technology companies are under intensifying pressure to diversify their leadership and lessen their reliance on men.

Besides her past stint at Qualcomm, Johnson also sits on the board of concert promoter and ticket seller Live Nation Entertainment Inc.

Johnson starts her new job at Microsoft on Sept. 1.

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Qualcomm Inc.

Company Website

5775 Morehouse Dr.
San Diego, CA 92121

Company Trade Data

Stock Symbol Close
Change
Chg %Chg
Volume
52-Week
High Low
QCOM
59.91
  0.65  
+ 1.10%
8,924,775,000
78.53
52.17

Insider Trade Data

Date Insider Shares Type Value
10/05/2015 Renduchintala, Venkata S 2,700 Sell $150,066
10/05/2015 Renduchintala, Venkata S 2,700 Sell $150,066
10/01/2015 Amon, Cristiano Renno 2,737 Sell $146,621
10/01/2015 Amon, Cristiano Renno 2,737 Sell $146,621
09/11/2015 Vinciquerra, Anthony J 1,000 Purchase $54,700

Qualcomm Inc. Executive(s):

Irwin Mark Jacobs

  • Founding Chairman, CEO Emeritus

Paul Jacobs

  • Executive Chairman

Tamar Elkeles

  • Vice President

Don Jones

  • Vice President

Don Rosenberg

  • General Counsel

Mark Leslie

  • Vice President, External Affairs

Steven Altman

  • Vice Chairman

Steve Mollenkopf

  • Chief Executive Officer

Derek Aberle

  • President

Navrina Singh

  • Director of Product Management

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Top Attorneys 2015: Andrew Newton

Aug. 10, 2015 -- Reporter Katherine Connor speaks with Andrew Newton, a patent counsel at Qualcomm Inc. and a 2015 Top Attorney, about his work in the ever-changing world of patent law.

Watch all of our Top Attorneys 2015 videos.

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SIC - 3663 - RADIO AND TELEVISION BROADCASTING AND COMMUNICATIONS EQUIPMENT
SIC - 3663 - ELECTRONIC COMPONENTS, NOT ELSEWHERE CLASSIFIED

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2012