Qualcomm finance chief to depart for rival Intel


FILE PHOTO: Qualcomm’s logo is seen during Mobile World Congress in Barcelona, Spain, February 28, 2017. REUTERS/Eric Gaillard

(Reuters) – Qualcomm Inc’s Chief Financial Officer George Davis plans to depart the company, Qualcomm said on Tuesday, and a person familiar with the situation said Davis planned to join rival Intel Corp .

Davis has been the mobile chip supplier’s finance chief since 2013.

“On behalf of the Executive Team, I want to thank George for his dedicated service over the last six years at Qualcomm,” Qualcomm Chief Executive Steve Mollenkopf told Reuters in a statement. “We all wish him well in his future endeavors.”

A personal familiar with the situation said Davis plans to join to rival Intel.

Intel did not immediately respond to request for comment.

Reporting by Stephen Nellis

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