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Qualcomm finance chief to depart, likely for rival Intel

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Qualcomm's Chief Financial Officer George Davis plans to depart the company and is likely heading to rival Intel, according to Qualcomm and a person familiar with the matter.

Qualcomm's Chief Financial Officer George Davis plans to depart the company, Qualcomm said on Tuesday, and a person familiar with the situation said Davis planned to join rival Intel.

"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 Mollenkopf told Reuters in a statement."We all wish him well in his future endeavors."Intel did not immediately respond to request for comment.

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