CEO Assumes Chairman Role at Verizon; New Board Member Elected

Verizon has confirmed that CEO Lowell McAdam, 56, has replaced Ivan Seidenberg, 65, as Chairman of the Board. Before becoming CEO, McAdam held the titles of COO of Verizon and EVP, COO, and CEO of Verizon Wireless. Prior to joining Verizon, he was the CEO of Primeco, a wireless joint venture between AirTouch and Bell Atlantic.

Founding Member Resigns from Qualcomm Board

Qualcomm announced that co-founder Dr. Irwin Mark Jacobs, 78, has resigned from the company’s Board. He served as CEO of Qualcomm from 1985 to 2005 and as Chairman until 2009. Early in his career, Jacobs co-founded Linkabit, a designer and developer of communications equipment which was later sold to M/A-Com. Jacobs is currently Chair of the Salk Institute for Biological Studies and of the National Academy of Engineering. He has received many business accolades over the years, including the National Medal of Technology in 1994, the IEEE Alexander Graham Bell medal in 1995, the Financial Times Lifetime Achievement award (for 25 years in Telecommunications) in 2005, the IEEE and Royal Society of Edinburgh James Clerk Maxwell Award in 2007, and the Marconi Society Prize in 2011.