Qualcomm Incorporated announced that Dave Wise has decided to retire after a 23-year tenure at the company. His departure is effective as of Aug. 23, 2019. As part of the transition plan, Qualcomm’s Board of Directors has unanimously approved the appointment of Akash Palkhiwala, SVP of finance, as interim CFO while the company seeks a permanent replacement.  Wise will remain in a consulting capacity.
 
“On behalf of the Executive Team, I want to thank Dave for his long service to Qualcomm, and particularly for taking on the interim CFO role for the last five months. We all wish him well,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “I am confident that Akash Palkhiwala has the experience and deep understanding of our business to lead our finance function while we continue our efforts to identify a permanent CFO.”
 
Palkhiwala is currently SVP and finance lead for QCT, with responsibility for finance for all chipset products and segments including Mobile, RF Front End, Compute, Auto, Connectivity and Networking and IoT.
 
Palkhiwala joined Qualcomm in 2001 and has previously held a variety of roles in finance, including treasurer and lead for corporate finance overseeing Qualcomm’s overall financial planning and analysis. He has been part of the senior finance leadership team for more than 10 years.