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Qualcomm interim CFO to retire

Qualcomm Inc.'s interim CFO David Wise has retired, effective Aug. 23.

The company said Akash Palkhiwala, senior vice president of finance, will take over as interim CFO until a permanent replacement is named.

Wise was appointed interim CFO in April after Qualcomm's then-finance chief George Davis joined rival Intel Corp. for the same post.

Wise, who had a 23-year tenure at Qualcomm, will remain in a consulting capacity.