Qualcomm finance chief departs for rival Intel

Qualcomm Inc’s chief financial officer, George Davis, has left the company to become finance chief at rival Intel Corp, the two companies said on Tuesday.

Davis had been the mobile chip supplier’s finance chief since 2013 and also served on the executive committee of the company’s board of directors.

Qualcomm said it appointed David Wise, a longtime veteran of the company and its treasurer, as interim finance chief while it searches for a replacement for Davis, whose departure was effective Tuesday.

“On behalf of the Executive Team, I want to thank George for his dedicated service over the last six years at Qualcomm,” Qualcomm Chief Executive Steve MollenkopfSteve Mollenkopf told Reuters in a statement. “We all wish him well in his future endeavours.”