The company said its Board of Directors appointed Akash Palkhiwala, its Chief Financial Officer, to also serve as Chief Operating Officer, effective immediately, on January 22, 2024.

1. 01

   The company said its Board of Directors appointed Akash Palkhiwala, its Chief Financial Officer, to also serve as Chief Operating Officer, effective immediately, on January 22, 2024.

2. 02

   Qualcomm said Palkhiwala will now also be responsible for the global go-to-market organization and operations in this expanded role. He will continue to serve as Chief Financial Officer, a position he has held since November 2019.

3. 03

   The company said the HR and Compensation Committee approved an increase in his annual base salary of $150,000 and grants of performance stock units and restricted stock units with an aggregate grant date fair value of $3,000,000, effective immediately.

4. 04

   The company said there are no arrangements or understandings with any other person in connection with Palkhiwala's appointment as Chief Operating Officer, no family relationships with any director or other executive officer, and no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.

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