CEO Paul Jacobs is staying put as the leader of the company. However, Steve Altman will step out of his role as president of the company and into the role of vice chairman of the board. Altman, who had been president for the past 6 years and an employee of the company for 22 years, will go from handling day-to-day operations to a visionary position.
The president's seat will now be filled by Steve Mollenkopf (been with the company for 17 years), who was also named COO. Mollenkopf's previously held the position of executive vice president, and this position will be filled by a man named Derek Aberle.
