Chief Director Tom Horton said: 'The board has always adhered to high-standard corporate governance principles. We believe that at this important point in Qualcomm's current development process, it is in the best interests of the company and shareholders that the independent directors serve as the chairman. We agree that Jeff is the right person. The ideal candidate for the position, he has deep financial, operational and global experience and strong shareholder awareness. By completing the acquisition of NXP, strengthening our licensing business and fully grasping the huge 5G opportunities facing the company, we strive to promote Qualcomm forward. Development, in this process, we will focus on maximizing shareholder value and will consider various options to achieve this goal.
Mr. Horton also said: 'I'd like to represent all board members and thank Paul for his tireless dedication to Qualcomm over the years. Paul is a visionary and his ideas and inventions have made outstanding contributions to the growth of the entire company and the industry. For 30 years, Paul led the development of several generations of semiconductors, driving smart phones and the global wireless revolution. His deep expertise and focus on innovation have made Qualcomm a leading company in important technologies, putting us at the forefront of the industry. Thank Paul for continuing to contribute as a member of the board of directors. He knows our business, products, strategic relationships and opportunities, and the rapidly evolving technology and competitive environment in our industry. These are valuable to the board.
About Paul Jacobs Dr. Jacobs has served as chairman of the board of directors of Qualcomm since 2009 and has served as executive chairman since 2014. He has served as a director since 2005. He served as CEO of the company from 2005 to 2014, 2001. From 2005 to 2005, he served as President of the Qualcomm Wireless and Internet Group and served as Executive Vice President from 2000 to 2005. Dr. Jacobs also served on FIRST(R), OneWeb, Light and Dropbox's Board of Directors. He holds the University of California, Berkeley, Electronic Engineering and Bachelor's degree in computer science, master's degree in electrical engineering, and doctor's degree in electrical engineering and computer science. In 2016 Dr. Jacobs was elected as a Fellow of the National Academy of Engineering, and in 2017 he was elected to the American Academy of Arts and Sciences.
About Mr. Jeffery Henderson Mr. Henderson has extensive corporate finances, operations and global experience. From 2005 to 2014, he was the Chief Financial Officer of Cardinal Health Inc. Prior to joining the company, Mr. Henderson was at Eli Lilly. Eli Lilly) and General Motors held management positions including President and General Manager of Lilly Canada, Lilly Financial Manager, and General Motors' management positions in the United Kingdom, Singapore, Canada, and the United States. He is currently a private equity firm Berkshire Partnership. (Brkshire Partners) Advisory Director. He is also a director of Halozyme Therapeutics and FibroGen. Mr. Henderson holds a bachelor's degree in electrical engineering from Kettering University and a master's degree in business administration from Harvard Business School.