Globalstar, Inc. announced that Paul E. Jacobs, Ph.D., founder and CEO of XCOM Labs and former CEO and Executive Chairman of Qualcomm, has been appointed CEO of Globalstar, effective immediately. Dr. Jacobs has also been appointed to Globalstar?s Board of Directors. He succeeds David Kagan, who will retire as Globalstar?s CEO.

Dr. Jacobs is an accomplished leader and innovator who brings to Globalstar deep wireless industry experience and a track record of driving innovation-led growth, including growing Qualcomm?s revenues from $5.7 billion to $25.7 billion as CEO from 2005 to 2014 while adding approximately $50 billion to its market capitalization. As Globalstar?s CEO, he will drive the Company?s ongoing strategic initiatives to develop and deploy innovative solutions across terrestrial and satellite for customers around the world. Dr. Paul E. Jacobs founded XCOM Labs in 2018 to invest with the world?s most creative engineers and businesspeople.

As former CEO and Executive Chairman of Qualcomm, Dr. Jacobs spearheaded its efforts to develop and commercialize fundamental mobile technology breakthroughs that fueled the wireless internet and smartphone revolutions. Dr. Jacobs is a prolific inventor with over 80 U.S. patents granted or pending in the field of wireless technology and devices. He served as a director of Qualcomm from June 2005 to March 2018, including as Chairman of the board of directors from March 2009 to March 2018, and as Executive Chairman from March 2014 to March 2018.

Dr. Jacobs is currently a member of the board of directors at both Dropbox, Inc. and Arm Limited. He is also an owner and vice chairman of the Sacramento Kings of the National Basketball Association (NBA), and on the board of FIRST, the robotics and education organization inspiring future leaders in science and technology. He attended the University of California, Berkeley, where he earned a B.S. in Electrical Engineering and Computer Science, an M.S. in Electrical Engineering and a Ph.D. in Electrical Engineering and Computer Science.

Dr. Jacobs is a member of the National Academy of Engineering and a Fellow of the American Academy of Arts and Sciences.