Monday, February 2, 2009

Changes to Palm's Board of Directors


Palm is reporting, by way of a SEC Form 8-K filing, that Donna Dubinsky has left her post on Palm's Board of Directors. Ms. Dubinsky has been replaced by Rajiv Dutta, who was designated by private investment firm, Elevation Partners.
"Under the Agreement, Elevation has the right to designate an additional director for election to the Company’s Board of Directors (the “Board”).

On January 26, 2009, and in light of the Board’s desire to maintain its current size, Donna Dubinsky offered to resign from the Board immediately in advance of the election to the Board of a director designated by Elevation. Ms. Dubinsky’s offer to resign as a director was not the result of any disagreement with the Company.

On January 30, 2009, Elevation designated Rajiv Dutta for election to the Board. Mr. Dutta retired as the President of eBay Marketplaces and Executive Vice President of eBay Inc. in October 2008 and as a member of eBay’s board of directors in July 2008. The Board is expected to meet shortly to consider Ms. Dubinsky’s offer to resign from the Board and Mr. Dutta’s election to the Board."

The full Form 8-K report can be found on Palm's Investor Relations website.

In addition to working at eBay, Mr. Dutta has also recently worked at PayPal (June 2006 - January 2008) and at desktop VOIP pioneer Skype (October 2005 - June 2006) according to an executive profile on Forbes.com.
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