Qualcomm's Board of Directors Appoints Sylvia Acevedo and Greg Johnson to Board

Rhea-AI Summary

On November 19, 2020, Qualcomm Incorporated (QCOM) announced the appointment of Sylvia Acevedo and Greg Johnson to its Board of Directors. Acevedo, former CEO of Girl Scouts of the USA, brings extensive leadership experience, serving on the Governance Committee. Johnson, EVP at Intuit, will contribute to the HR and Compensation Committee. The Board emphasized the value of their diverse perspectives as Qualcomm continues to lead in the 5G transition and capitalize on market opportunities. These appointments reflect an ongoing strategy to enhance governance and leadership effectiveness.

Positive

• Appointment of experienced leaders to the Board may enhance governance.
• Sylvia Acevedo and Greg Johnson bring diverse backgrounds and perspectives.
• Board expressed confidence in the new members' ability to support Qualcomm's 5G strategy.

Negative

• None.

SAN DIEGO, Nov. 19, 2020 /PRNewswire/ -- Qualcomm Incorporated (Nasdaq: QCOM) today announced that its Board of Directors appointed Sylvia Acevedo, former CEO Girl Scouts of the USA, and Greg Johnson, EVP and General Manager, Consumer Group of Intuit Inc, to the Board, effective immediately.  Ms. Acevedo will serve on the Governance Committee and Mr. Johnson will serve on the HR and Compensation Committee.

"We welcome Sylvia and Greg and look forward to bringing their knowledge, experiences and broad perspectives to the Qualcomm Board of Directors as we continue to lead the 5G transition and execute on the large opportunities ahead of the Company," said Mark McLaughlin, Chair of the Board.

Ms. Acevedo served as Chief Executive Officer of the Girl Scouts of the USA from May 2017 to August 2020, and as interim Chief Executive Officer from June 2016 to May 2017.  She was a board member from 2008 until 2016. Prior to her arrival at GSUSA, Ms. Acevedo served as a member of the President's Advisory Commission on Educational Excellence for Hispanics, with a focus on educational policy around dual-language in early childhood. Earlier in her career, Ms. Acevedo held senior positions with IBM, Apple and Dell . 

A rocket scientist by training, Ms. Acevedo holds a B.S. in Industrial Engineering from New Mexico State University and a M.S. in Industrial Engineering from Stanford University.

Mr. Johnson has been Executive Vice President and General Manager, Consumer Group of Intuit Inc., a global financial platform company,  since August 2018.  He served as Senior Vice President, Marketing, Consumer Tax Group of Intuit from December 2012 to July 2018.

Prior to Intuit, Mr. Johnson held various marketing positions at Advance Auto Parts, Inc., Best Buy Co., Inc., The Gillette Company, Eastman Kodak Company, S.C. Johnson & Son, Inc., Motorola, Inc. and Kraft Foods, Inc.  He also served in the United States Air Force.

Mr. Johnson holds a B.S. in Operations Research from the United States Air Force Academy.

About Qualcomm

Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

Qualcomm Contacts:
Pete Lancia, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com

Mauricio Lopez-Hodoyan, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com

 

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SOURCE Qualcomm Incorporated

FAQ

What is the significance of Qualcomm's new board appointments on November 19, 2020?

The appointments of Sylvia Acevedo and Greg Johnson aim to enhance Qualcomm's governance and bring valuable perspectives as the company focuses on 5G leadership.

Who are the newly appointed board members of Qualcomm?

Sylvia Acevedo, former CEO of Girl Scouts of the USA, and Greg Johnson, EVP at Intuit, were appointed to Qualcomm's Board of Directors.

Which committees will Sylvia Acevedo and Greg Johnson serve on at Qualcomm?

Sylvia Acevedo will serve on the Governance Committee, while Greg Johnson will be part of the HR and Compensation Committee.

How might the new board members impact Qualcomm's strategy?

Their diverse backgrounds and experiences could provide fresh insights and strengthen Qualcomm's strategy in navigating the 5G transition.