Qualcomm CFO Wise retires; interim replacement named

Qualcomm Inc.

QCOM, -4.71%

on Friday said Dave Wise has retired, effective today, after 23 years at the company. Qualcomm’s board of directors unanimously approved Akash Palkhiwala, senior vice president of finance, as interim CFO while the company seeks a permanent replacement. Wise will consult for Qualcomm. Shares of the company are up slightly in after-hours trading, and 29% for the year. The S&P 500 index

SPX, -2.59%

is up 14% this year.

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