Qualcomm Names Paul Jacobs As Chairman

San Diego-based Qualcomm said Tuesday that it has named Paul E. Jacobs, the firm's CEO, as chairman of the board. Jacobs replaces his father, Qualcomm co-founder and former CEO, Irwin Jacobs. Irwin Jacobs remains on the board of directors. Paul Jacobs was appointed CEO of Qualcomm in 2005, succeeding his father, and has been at the company since 1990. Irwin Jacobs is 75, and has been transitioning the firm to son Paul for the last five years.