In 2006, when Qualcomm hired Len Lauer away from Sprint, the company made big noise. Today, on Christmas Eve, Qualcomm quietly announced via a press release that Lauer is leaving to be a CEO at another company. The name of the new company wasn’t revealed. Lauer, according to industry sources, has been looking for a new gig for a while. From experience, I know companies don’t typically release news a day before Santa’s visit, unless they want to push things under the carpet.
Lauer talked to us recently about Qualcomm’s repositioning of its FLO network as a mobile content delivery network (CDN) for broadcasting mobile television. He also made a presentation at our Mobilize 09 conference (see the photo). Len was responsible for driving much of Qualcomm’s effort to rebuild itself in a post-3G world. Despite a down economy, Qualcomm had a decent 2009 and its stock was up almost 25 percent for the year.
From Qualcomm’s announcement:
“During the past three years, Len’s leadership and expertise have helped Qualcomm expand business opportunities and further strengthen its relationships with operators and content providers. We are thankful to him for his service and wish him the best as he pursues new opportunities,” said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm, in a statement. “Steve Altman and Steve Mollenkopf have been invaluable in helping to guide Qualcomm’s strategy and success and I am pleased to have such a capable and seasoned executive leadership team to ensure a seamless transition for our customers, our suppliers and our employees.”