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Qualcomm also said Wang Xiang would leave his role as president
of Greater China. Wang will head for Chinese smartphone maker
Xiaomi Inc [XTC.UL], the Beijing-based five-year-old upstart,
which was valued at $45 billion in December, announced in a
separate statement.
Qualcomm's shakeup comes after a long stretch of turbulence in
China, the world's biggest smartphone market. After a 14-month
Chinese government investigation into anti-competitive
practices, the company agreed to pay a fine of $975 million, the
largest in China's corporate history.
That settlement also had Qualcomm lower its royalty rates on
patents used in China.
But the company's woes aren't over in the world's second-largest
economy. In April, Qualcomm said it believed some of its
licensees in China may not be fully reporting their sales of
licensed products, undercutting revenues.
Meng's appointment is effective June 15, the company said in a
statement late on Wednesday. Meng has 30 years of experience in
the telecommunications industry and was previously Qualcomm's
president of Greater China from 2008 to 2010, it said.
Before Meng's return, he was president of Chinese Internet data
center provider 21Vianet Group Inc <VNET.O>.
"Frank's extensive industry experience and leadership will drive
continued business growth and further strengthen our
collaboration across the Chinese mobile ecosystem and
semiconductor sector," Derek Aberle, president of Qualcomm, said
in the statement.
Wang will become senior vice president of strategic cooperation
at Xiaomi, the smartphone firm said.
Wang had helped forge Xiaomi's relationship with Qualcomm, which
both supplies chips to the smartphone maker and was an early
investor.
(Reporting by Paul Carsten; Editing by Muralikumar Anantharaman)
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