Cristiano R. Amon
Also at Qualcomm Inc
About
Cristiano R. Amon is 54 years old as of November 1, 2024. He holds a B.S. in Electrical Engineering and an honorary doctorate from UNICAMP, the State University of Campinas, Brazil, marking a strong technical foundation.
Having joined QCOM in 1995, his career spans over 27 years of progressive leadership. Throughout his tenure, he advanced from an engineer to holding key positions such as Senior Vice President of QCT Product Management, Executive Vice President and President of QCT, and later as President. His journey reflects strategic promotions and significant contributions to technology innovation within the company.
Currently, serving as President and CEO since June 30, 2021, his leadership has been pivotal in advancing Qualcomm’s position in 5G technology, mobile platforms including the development of Snapdragon platforms, and the expansion into automotive and IoT markets. In addition to his role at QCOM, he contributes to the broader technology sector through his board membership at Adobe Inc. since October 2023.
$QCOM Performance Under Cristiano R. Amon
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Qualcomm (QCOM) | President and CEO-elect | January 2021 to June 2021 | Transitioned to CEO role |
| Qualcomm (QCOM) | President | January 2018 to January 2021 | Served before appointment as CEO |
| Qualcomm (QCOM) | Executive Vice President, Qualcomm Technologies, Inc. (QTI) and President, Qualcomm CDMA Technologies (QCT) | November 2015 to January 2018 | Held leadership roles in QTI and QCT |
| Qualcomm (QCOM) | Executive Vice President, QTI and Co-President, QCT | October 2012 to November 2015 | Oversaw multiple divisions |
| Qualcomm (QCOM) | Senior Vice President and Co-President, QCT | June 2012 to October 2012 | Short-term leadership role prior to restructuring |
| Qualcomm (QCOM) | Senior Vice President, QCT Product Management | October 2007 to June 2012 | Led product roadmap including Snapdragon platforms |
| Qualcomm (QCOM) | Engineer and other technical and leadership positions | 1995 to October 2007 | Held various early career roles |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Adobe Inc. | Board of Directors Member | Since October 2023 | N/A |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Salary | $1,350,000 | Fiscal 2024 | Fixed salary for 2024 |
| Perquisites and Other Personal Benefits | $612,699 | Fiscal 2024 | Noncash benefits component |
| Nonqualified Deferred Compensation Plan Contributions | $75,600 | Fiscal 2024 | Deferred compensation contributions |
| Charitable Match | $125,000 | Fiscal 2024 | Matching charitable contributions |
| 401(k) Match | $6,725 | Fiscal 2024 | Retirement account match |
| Life Insurance Premiums | $8,466 | Fiscal 2024 | Life insurance benefits |
Performance Compensation
Annual Cash Incentive Plan (ACIP)
| Detail | Value/Details |
|---|---|
| Performance Metrics | Adjusted Revenues (40%) and Adjusted Operating Income (60%) |
| Non-Financial Modifier | Human capital advancements multiplier ranging from 0.9 to 1.1 |
| Target Payout | 200% of salary = $2,700,000 |
| Actual Performance | 107.9% financial performance with a 1.0 non-financial modifier, resulting in a payout of $3,753,000 |
| Evaluation Period | Fiscal 2024 |
| Vesting | Not applicable (cash incentive plan) |
Relative Total Shareholder Return (RTSR) PSUs
| Detail | Value/Details |
|---|---|
| Performance Metric | Qualcomm's Total Shareholder Return vs. NASDAQ-100 companies over fiscal 2024-2026 |
| Threshold | 25th percentile earns 0.25x target shares |
| Target | 55th percentile earns 1x target shares |
| Maximum | 90th percentile earns 2x target shares |
| Cap Condition | If Qualcomm's absolute TSR is negative, shares earned are capped at the target level |
| Grant Date | December 13, 2023 |
| Grant Date Fair Value | $6,000,022 |
| Vesting Schedule | 100% cliff vesting on December 15, 2026 |
| Evaluation Period | Fiscal 2024-2026 |
| Condition | Continued employment through the vesting date is required |
Earnings Per Share (EPS) PSUs
| Detail | Value/Details |
|---|---|
| Performance Metric | Average Adjusted EPS over fiscal 2024-2026 |
| Threshold | 0.33x target = 14,265 shares |
| Target | 1x target = 43,228 shares |
| Maximum | 2x target = 86,456 shares |
| Grant Date | December 13, 2023 |
| Grant Date Fair Value | $6,000,046 |
| Vesting Schedule | 100% cliff vesting at the end of the performance period (fiscal 2024-2026) |
| Evaluation Period | Fiscal 2024-2026 |
| Condition | Continued employment is required to earn the shares |